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A major break down and/or collaspe with ugly conotations. Usually used to describe market activity.
The stock market really shit in the bed today after the release poor jobs data.
Amber Herd took a shit in the bed, she is a dumb bitch
Person 1:Man my VCR ate my favorite movie.
Person 2:Shit in the Bed!
We Will Not Shit on the Bed
Mr: Krabs: THE PLAQUE!
Squidward: We Will Not Shit on the Bed.
Gary Grundle pissed on himself during sex. He shit the bed.
1) Making a mistake that many other people recognize as a mistake.
2) Fucking up...really bad
Jeff shit the bed when he hooked up with Marty instead of Ashlea.
The utilization of the phrase varies by country.
1. (American) Failure of a device, usually in a non-repairable manner.
2. (British) Exclamation of surprised.
1. "My car shit the bed when the timing belt broke."
2. "The boss is back from vacation early!" "Shit the bed."