Any (usually political) subject which, when mentioned by the speaker, causes them to move their hands up and down while talking, as if they were holding an invisible beach ball. Also known as Watermelonpolitics.
I really enjoyed the Obama V McCain debate last night, but there was a lot of beach ball speech, too.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.