An eloquent term used to express one's rage, and/or exasperation. A combination of bonehead and douche bag

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An artsy word formation of the insults bone head and douche bag. Therefore creating the new word bone bag

n. A male condom, aka, a jimmy hat.

1.) An elegant use of wordplay (like "spork"). Bonebag is a combination of the words "bonehead," and "douchebag," and is used to describe an individual who possesses not only the arrogance and jerk-like behaviors of a douchebag, but also the stupidity and stubbornness of a bonehead.
2.) Expression of extreme disappointment.

CAUTION: Use of this word may result in a broken nose.

a combination of a Bonehead and a Douche bag

The combination of bonehead and douchebag. It's elegant wordplay, really.

From the show Traffic Light.