Someone with liabilities is incredibly good at lying. Can get any one believe anything at any time. Abilities are on par with lying greats such as George Costanza, Drake Parker, and George Bush.
Think the opposite of 'friends with benefits'. In essence, you are so close to being a girl's boyfriend you get all the negative effects, but none of the positive.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).