1.)Typically diarrhea. But, in the slang context, the equivelent of saying, "oh, fuck!", and/or this is terrible.
2.)If overused, the abuser of the word/phrase becomes a shitass; a person who is just as fun to hang out with as a pile of horseshit.
1.) Mark: "Shitass ass!"
Stephen: "What? Is there shit coming out your ass?"
Mark: "No, I just remembered I have court today!"
2.) Jon "Shitass!"
Thayer "Dude, you're straight shitass."
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