[bool-shit] Slang: Vulgar.
nonsense, lies, or exaggeration.
verb (used with object), bullshitted or bullshit, bullshitting.
to lie or exaggerate to.
verb (used without object), bullshitted or bullshit, bullshitting.
to speak lies or nonsense.
(used especially to express disagreement.)

1910–15; bull1 (perhaps reinforced by bull3) + shit

bullshitter, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
bullshit (ˈbʊlʃɪt)
1.  exaggerated or foolish talk; nonsense
2.  deceitful or pretentious talk
3.  Usually shortened to: bull (in the British Army) exaggerated zeal, esp for ceremonial drill, cleaning, polishing, etc
vb , -shits, -shitting, -shitted
4.  (intr) to talk in an exaggerated or foolish manner
5.  to talk bullshit to
usage  This word was formerly considered to be taboo, and it was labelled as such in previous editions of Collins English Dictionary. However, it has now become acceptable in speech, although some older or more conservative people may object to its use

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

"eloquent and insincere rhetoric," 1915, Amer.Eng. slang. Bull in the sense of "trivial or false statements" (1914) is usually associated with this, but it existed since M.E. in the sense of "false talk, fraud," apparently from O.Fr. bole "deception, trick, scheming, intrigue," and perhaps connected
to modern Icel. bull "nonsense."
"Sais christ to ypocrites ... yee ar ... all ful with wickednes, tresun and bull." ["Cursor Mundi," c.1300]
There also was a verb bull meaning "to mock, cheat," which dates from 1530s.
Online Etymology Dictionary, © 2010 Douglas Harper
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