The act of taking a piss out of your ass, usually after a night of heavy drinking. Its a combination of taking a #1 and #2 out of your ass at the same time.
Gerald: Man, Harold is still arguing with his ex. I don't know why he keeps going since he's obviously losing.
Mike: I know, right? He should just take the 50.
"Oh, man. The other day on the Poudre I missed Decision Rock and got my ass handed to me. There was carnage everywhere and I was like, 'I'll take things that suck for 500 please, Alex.'"