The act of sharting (a mix between a "shit" and a "fart") and then running to the bathroom to clean up your shorts. Sometimes also referred to as "the shit and split", or the "toot and scoot".
Mitchell: "I farted in front of my girlfriend for the first time yesterday. She tried to reply with her own fart, but then ended up running to the bathroom."
Kevin: "Ahh yes, the ole shart and dart."