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1.
alternate spelling of "bullshit", popular with computer programmers
"this is boolshit"
von itchyscrot 3. April 2003
 
2.
When someone says something so off the wall you can't tell if it's true or false.
"Sarah said she slept with three guys last night. I think that's boolshit."
von Dubman25 15. September 2009