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Schroedinger's situation 

When you are so broke that you incur penalties causing you to become more broke, thus incurring more penalties.
You are in Schroedinger's situation when you don't have the money to fix a broken taillight, so the cops give you a ticket. You pay the ticket, thereby incurring an overdraft charge. And so on.

Steppenbrother's Situation 

The scientific term for when someone gets stuck in a one-way hole (I.E. a Washing Machine) with no way to get out without the assistance of another party.

While doing the smex is the most common response to a Steppenbrother's Situation, it is not the only one.
Person A (Jack): Dammit Claudia, how the fuck did you get stuck in the AC unit!?

Person B (Claudia): Does that look like it matters right now!? Get me out!

Jack: Nah, as a high ranking member of the Mickey Mouse Club, I have to analyze this Steppenbrother's Situation so that it doesn't happen again.

She’s a situation! 

An overly exuberant verbal ejaculation used when a pulchritudinous beauty unexpectedly presents herself wearing clothing that simultaneously reveals and conceals exactly what she is workin with.

This is seldom perceived as a complement by the woman; yet, it is an absolutely true representation of how she makes a thirsty man feel.

You just have to embrace the cultural paradox here.
Daaaaaaaaaaaayuuuuummmmm!!!! She is 100% natural woman; not a bit of plastic! She’s a situation!!!!!

ryan’s sleeping situation 

Ryan sleeps in his nut. He nuts in his pants and then passes out. Ryan thinks this is fine because he showers in the morning. It’s not.
Ryan: hey want to hear about Ryan’s sleeping situation.
Dylan: ew no I know you sleep in your nut. Also why did you refer to it in the third person dumbass.

Situation Stipulation 

A cluase to a situation which voids any kind of action that would normaly be carried out by the party invovled in the situation.
"Hey man...you were suppose to go on that double date with me and my girl!"

"Nah man...SITUATION STIPULATION! You didnt inform me that i was goin to be going with her "ugly" friend...and I had to pay for both of us!
Situation Stipulation by Pete187 November 24, 2007

Situation Stipulation 

A situation that becomes void, due to unknown circumstances, which henders any normal action taking place there of.
"DUDE!...You were suppose to go on that double date with me, my girl, and her friend!"

"Nah dude...Situation Stipulation. You didnt tell me she was fat...AND I had to pay for her fat ass too!
Situation Stipulation by Pete187 November 26, 2007