Bust a nut is a slang term used to refer to ejaculation. "Nut" is another slang term for a testicle, so "bust a nut" is a crude way of referring to the release of ejaculate. An alternate meaning for the term means to work very hard at something or put in significant effort. As such, bust a nut may refer not only to ejaculation, but the implied effort leading up to it.