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butt stallion 

A dude who likes dudes. Anally.
Oh man, he hooked up with Bob. He's such a butt stallion.

butt stalion 

An ugly, stupid, and ignorant person. The most stupid person in the word. It can also mean diamond horse.
Ugh, Jack is such a butt stalion.

Dude, I just bought a new butt stalion.