A term shouted out when a bad or undesired turn of events takes place or something doesn't turn out the way you want it.
Example #1 (man's arm is partially blown off in an explosion) Man: Shit n' biscuits! Example #2 Guy #1: Dude, I just saw your dog get hit by a car Guy #2: What? Fluffy?!?!? Guy #1: Yeah, I'm really sorry man... Guy #2: Aw... Shit n' Biscuits!
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