Buttlips are the part of the butt cheeks that hang below one's shorts... Just that little bit of cheek that is not the front lips, just the butt lips.
Every time my girlfriend wears her running shorts I can see her buttlips hanging out.
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A coin purse is a man's ball sac.
Hey pal, I need some change, will you pull out your coin purse? or His girlfriend kicked him in his coin-purse.
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