When you're doing someone in the ass and you pull out and there's shit all over the condom.
Slutty girl- "Oooo baby, maybe later tonight you can do me in the bung hole and I can give you a mud jacket!"
Frat. boy- "Hell yeah!"
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When you do a girl for a girl for the first time and/or on her menstrual cycle with a condom on and you pull out and the condom has blood on it.
Man, I hope I get a cherry jacket for Christmas!