Ben is taking a shit. Nick pops up out of the bathtub and surprises him, "HIDY HO YA FUCKIN BITCH!!!!"
It's 4am and you are still up and getting drunker. It's time to make some phone calls. "Hi Di Ho Ya Fuckin' Bitch!!!!"
You are too drunk to drive home from a party, you decide to sleep in the back of your friends moving van - on your walk to the van you realize how terrible the night of sleep will be - you think about how crappy it is to sleep rolled up in moving pads - you decide to tie shopping carts to cars with fishing line. "HI DE HO YA FUCKIN BITCH!!!!!"
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.