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Butt Cheddar 

A crap, roughly yellowish in color thanks to eating too much cereal that is high in whole grains, e.g., Life, Oatmeal Squares or Cracklin' Oat Bran.

A thick, runny shit in the color of low grade cheddar, usually from eating too much breaded chicken with sauces.
"I just left some high quality butt cheddar in the toilet, you've been warned"