No, that does not mean BS in Yiddish. It means, ... well, the classic definition for Chutzpah is the guy who murders his parents and then begs for mercy because he's an orphan.
That was my reaction to this headline I saw yesterday on Google News:
"Top Gun" superstar Tom Cruise believes his job as action star in the movies is just as tough as soldiers serving tours in Afghanistan.THAT takes Chutzpah.
It is also BS.
Enough said- and enough bandwidth for such insanity.