1. A segway leading to a good thing or immediately proceeding a good thing.
2. An exclaimation expressing joy or satisfaction in a situation. Usually is based on the humiliation of another person, much like pwned. Correct use involves a long rant or insult with "bickitybam!" added to the end.
So I was making out with this girl at the party, bickitybam, we're back at her place makin nasty."
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.