Meaning epic failure. Derived from the battlefield 2 player Slit-Knife-Cut// who was caught hacking and claimed to be in league making game hacks with a well known hacker, Ramzi.
Slit Knife Cut: I got about 1300 scripts, incrypted and ready for compilement.
Slit Knife Cut: I'm gonna be bringing out a new revolution of hacks.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.