A fuck-up, or a total disaster.
"Kieran, you are such a fucking dick in the pit."
"Well, that party was quite a dick in the pit, wasn't it?"
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The area where the dick nestles into the balls, thus creating a pit.
"Dont worry about the smell babe, i just haven't cleaned my dick pit in awhile."
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The geographical region of Florida's coastline between the Big Bend Wildlife Management Area and the Bald Point State Park. Similar to an 'arm pit,' this region represents the are between the base of the phallus state's shaft and the scrote, respectively.
Every time I drive I-10 through Florida, I can't help but pass by the dick pit.