BALLS OR GUTS? We've all heard about people having guts or balls. But do you really know the difference between them? In an effort to set the record straight, the definition for each is Listed below. GUTS - is arriving home late after a night out with the guys, being assaulted by "your wife with a broom, and having the guts to ask: "Are you still cleaning, or are you flying somewhere?" BALLS - is coming home late after a night out with the guys, smelling of perfume and beer, lipstick on your collar, slapping your wife on the butt and having the balls to say: "Get ready, you're next."