its slang, practically just a bizarre comination of words from twitter now used in many memes'n shit y'know
bitch 1: hey dude come look, there's a quirked up white boy with just a little bit of swagger busten it down sexual style in the front lawn
bitch 2: but is he goated with the sauce?
bitch 1: idk bro, guess you'll have to come see
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.