It's something you say when you fuck up something really bad but have fun doing it anyway.
(you just tripped on a football field, and the other team just scored because of your fumble. you laugh at yourself, saying...)

"YEAH, I SUCK!"
by ShutUpImMe September 5, 2015
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Affimative response to a question. Or an interjection to an appropriate situation.
"Do you wanna make a beer run?"
"Hell yeah I suck toes!"

Or

"Man I am going to get so shitty tonight. Hell yeah I suck toes!"
by HatesHatesHates February 7, 2010
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