Much the same as "living shit", "the bejesus", or "the devil"; for example, when you're beating the living shit out of something.
Andrew went on the rampage at work this morning when the copier spit toner all over him -- he literallybeat the living tweedle out of the poor, defenseless, helpless copy machine!
Topher was so fond of his new R/C piloting skills; he flew the living tweedle out of his Cessna 182 R/C airplane at the park over the weekend.
When you fail at something in life (eg. failing an exam or not getting a job), go home and spend an hour just standing in the shower, propping yourself up against the wall with your eyes on your feet.
Caleb knew the only thing to do after he didnt get prefect was take a failureshower.