When the penis of a man is so small in size, that he lacks a "shaft." There's just balls and then the head. Ballshead. It can also be used to refer to anything that is a huge disappointment, or generally lame.

To correctly pronounce this word, it must be said very rapidly, and in one syllable.

A cultural and aesthetic mind-state that prioritizes making money, even as an “underground” or “radical” creator. The work isn’t made for money, but it’s the money that matters the most.