Tight Butthole (adjective) -- 1. An awesome thing. 2. A really awesome thing.
Antonyms: Loose Butthole, Loosest Butthole.
Proper usage: "Chill out, let's get more more drinks, and let's just make tonight a tight butthole."
The term is commonly used by Blake, Adam, and Anders. Those outside of the trio tend to take the term out of context.