Like bullshit, but a special case. It's bureaucratic bullshit, something the powers that be act like is really important and critical, but in fact is just the usual load of stupid tedious pointless red tape time-wasting garbage that makes up all government everywhere. Achieves nothing except a job for the frogshitters they pay to process it. Have you ever seen a small frog take a shit? It's difficult and slow for them. While they're trying to push it out they can't do anything else, leaving them totally vulnerable to all kinds of predators. It takes a huge portion of their total energy and very substance, and looks painful. And at the end of all that effort, all they have to show for it is a large, dirty, steaming pile of worthless shit. So it's exactly like filling out any government paperwork. A huge amount of effort, painful and tedious to get it out, it uses up a huge portion of your energy and substance, and for all that effort all you get from it is a giant stinking turd that's ugly and unpleasant to even think about or look at. Frogshit through and through.
OMG all this paperwork and wasting time they make you do, just to complete some small task, it's making life tedious, painful and difficult for no good reason... wow it's just like making frogshit!