Acronym for the phrase: Pull it out your ass.

Common usage: Anything any Re/TEApublican or FAUX Noise squawking-head asserts as factual, historical and reality. Ideological, faith-based bloviation devoid of any relation to the actual, factual real world we live in.

Historical usage: Whole-cloth fabricated numbers serving as the dubious basis for flawed statistical analysis (See WAG – Wild Ass Guess).
Review the steaming load of PIOYA that Lyin' Ryan and Willard RawMoney spewed at the RNC Convention in Tampa, Florida this year (2012).
door rladlof 25 september 2012

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