When a person in prison gets cut in the face with a razor and he's bleeding uncontrolably.
"I saw this dude on little buggy they drive around the prison yard, and he had about 3 white t-shirts wrapped around his face and them shits was rapidly turnin red B. They leaked the shit out that dude."
To have files or information released to the wider public without spoken or written permission. Occasionally, the term is simply used to decribe an early release, generally unplanned.