The semen of any small woodland creature.
Ted: Dude!! I think that squirrel just Chipspunked all over my head!
Bob: Nah bro, that was me!
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A person who brags about loving sex, but is too much of a bitch to actually go out and pursue that goal.
Bob: Hey look at THAT hot-ass chick, I'd eat her clean out!
Ted: Bob, you've been saying that about the same girl for two weeks now. Stop being such a Poon-Faggot and talk to her already.
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