A phrase used by Shane from the popular Buzzfeed series, BUZZFEED UNSOLVED: SUPERNATURAL when he, along with Ryan was investigating Bobby Mackey's Music World, a rumored "portal to hell."
*ENTERS A HAUNTED HOUSE*
Person: Hey there, demons! It's me, ya boi.
Demon: Ight imma head out
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.