Any woman will experience fluid discharge with a little coaxing (if by coaxing you means squeezing).

But it is a sign of a hormonal imbalance, how long have you been on birth control?

been on pill for a little over a year

Go to the doctor just to make sure everything is all right, it's freaky but it could very well be nothing.

Are you squeezing your nipple, because women will experience discharge if they squeeze enough-- not that this shouldn't be checked out, I'm just curious.

I had that with the depo shot. I think (but not positive) it has to do with the hormones your on. My Dr wasn't worried about it. But as always you should have it checked out to just be safe!