A sexual predicament involving one's cock.
Damn, first she wants to fuck me, then she's les, then she wants a vibrator.
Shit bro, that's a pretty bad predickament.
“Tim are you playing with yourself?”
“No, but I am in a bit of a predickament here!”
A puzzling/awkward/difficult situation that's due to someone is being a royal d**khead.
The Watergate predickament was caused mainly by a lot of Washington politicians --- including ol' Tricky himself --- being shady and self-serving.