n. A labia that has been covered with sequins and glitter for decoration inspired by American musician Liberace (pronounced Lib-er-ah-chi) who was known for frequent use of sequins and other sparkly effects in his performances.
v. The act of giving to one's self or another a labiace.
Used as a noun: Her labiace was so colorful and bright that it gave her boyfriend an epileptic seizure.
Used as a verb: She wasn't sure if the three dates until sex rule was real, but would labiace anyway to be prepared.
n. A screenshot fabricated by a company to misrepresent the graphics of a game; a combination of the wordsbullshit and screenshot.
Originated from Penny Arcade, a popular gaming webcomic.
-Have you seen Madden 2006 for the Xbox 360? The graphics are gonna be awesome!
-Dude, the Madden 2006 images they showed at E3 were bullshots. It doesn't look nearly as good as they said.