When a fat woman has big fat flaps and fat upper legs. The vagina pertrudes outwards and down to a point to create a Mk1 Volkswagen Beetle Bonnet effect (the slit being the line down the middle of the bonnet).
'mate, that fat slosher must have a proper Volkswagen Beetle Bonnet under those hotpants'
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.