Basically its just a bad ass way of saying either
(1.) i could really care less
(2.) fuck off
(3.) or you just say it when you dont know what to say
(4.) yeah imma bad ass
Person 1: hey i just got new shoes u like em?
You: im balls
person 1: hey whats up
You: im balls
person 1: im pregnant
You: im balls
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