Normally a juggling metaphor that is part of the reference to “too many balls in the air” referring to the idea that there’s a lot happening all at once, but can also refer to a person who is gutless and whose balls have fallen off and floated away.
I was talking to the boss the other day when I looked up and saw his balls in the air, just slowly floating away into the sky above us like little hairy helium balloons!
A term that means "there is no going back now" referring to the point of no return or to something that cannot be undone.
Tom: I don't think we should do this, Harry
Dick: yea we might get caught
Harry: too late, the balls in the air
When you air jack off and throw the air in someones face.
He threw his ball air at my face, it was gross.