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A fancy way of saying you're a freak and you're bragging about it. Used when someone asks why you're so full of yourself or why you're always messing with people. Also used when you're too lazy to think of anything else to say.
'Why do you always think you're better than everyone?' 'I have 3 balls, buddy.'
'You're annoying.' 'I have 3 balls, and I'm not even mad.'
'What’s your problem?' 'I have 3 balls. Why?'