craptits

Noun

1: A likable but silly and/or foolish person (friendly connotation).

2: An exclamation of surprise, sudden interest or excitement.

(Origin: thought to have first been coined at Hamilton College or by Hamilton College graduates at the beginning of the 21st century.)

1. "Hey craptits, did you just shart?"

2. "Holy craptits, this morning in the locker room gym I witnessed a man lubing up from head to toe!"