What is Shit Or Go Blind?
1.
A set of nonsensical choices that indicate a high degree of confusion about what to do next, in the sense that neither of them is even remotely realistic but the party concerned is so radically confused that he might consider them.
Jake is Mike's best friend.
When Mike saw the damage Jake had done to his car, he didn't know whether to shit or go blind.
See
2.
A ficiticious set of options that are normally used to describe the scenario of there being no options available.
Frank: I guess we got caught.
Mike: What are we going to do?
Frank: I do not know whether to shit or go blind.
3.
A drink consisting of prune juice and methanol that requires good decision making skills.
Meanwhile, at the first year cotillion...
Date: I'll have a Jägermeister and Red Bull
You: I'll have a Shit or Go Blind
Date: Do you smell something?
See