v. Ejaculating in a satisfying or otherwise noteworthy manner, especially if an unusually high volume of semen was produced. If the nut was busted under embarrassing and/or hilarious circumstances, chances are it was a mighty fat nut.
I was jerking off in my room, and right as I was about to finish my mom called me down for dinner, and I yelled "coming!", then started laughing really hard at the double-entendre, but the laughter made me double over and I ended up busting a mighty fat nut all over my brand-new polo shirt.
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