Joe Nana: I just lost my virginity
Chris Peacock: Boogity Woogity!
OR
Joe Nana: My grandma just died
Chris Peacock: (In a sombre tone) Boogity Woogity.
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.
"Base we've got some square groupers floating outside of Miami harbor."