A workplace-friendly substitute for the phrase "pulled out of my ass."
Boss: "Can you give me a time estimate for the Ajax project?"
You: "I can, but it will be rectally sourced."
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Similar to foreploy; a swellout changes his hair, clothes, or political opinions for the sole purpose of getting laid.
Have you seen Randy lately? Yesterday he was sporting a fauxhawk and vintage t-shirt and wouldn't shut up about An Inconvenient Truth; what a swellout.