Acronym for: "Jizzed In My Pants", from the SNL Digital Short (by the guys from the Lonely Island).
http://www.youtube.com/watch?v=4pXfHLUlZf4&fmt=22
"Speeding down the street when the red lights flash
need to get away need to make a dash
A song comes on that reminds me of you and I
JIZZ IN MY PANTS"
Damn those mozzarella sticks made me JIMP.
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