(Antiquated/not PC.) the term jokes about a #bromance being intimate enough to raise the most crude suspicions of a homosexual, romantic relationship. It does not indicate actual sexual intercourse. There's a nuance to the joke. Southpark was playing with the public's inability to understand metaphor, similar to when their use of #jewbag was an actual change purse carried.
"The ambiguously gay duo" on SNL was also a play on the trope.
Rob and Big, Ryan and Bam, the Blues Brothers, etc, are examples of heterosexual friends who would have been accused of being butt buddies.
The new guy at work has become Mike's new butt buddy. They can't seem to spend 5 mins apart.
tate and seth are butt buddies. not gay but they just twerk with each other
"tate and seth were twerking on each other" isnt they gay "no they are just butt buddies"
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The top and jungler in league of legends
Wow theres a garen top having a lee sin camp me... such butt buddies..
When you and someone else have shared the same toilet, therfore you have touched butts and you now have to call eachother butt buddy
"Hey , i just went to the porta pottie" man 1 said "saaaaaame, you are my butt buddy!" man 1 said.
Making friends from a booty call
Jack and Mark are butt buddies
A person male or female that you rub butts with in bed while sleeping, or playing in bed.
My girlfriend came over last night and we rubbed our butts in bed, she's my butt buddy.
Two people who will always cover for each other in a situation.
Daequan was in the club last night cheating on his girlfriend, but Daqwavian covered for him with Daequan girlfriend. Daequan and Daquavian are Clutch Buddies.