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Definitions by Frank Tedesco

Bucketholder 

(n) An a-moral and utterly loyal henchman or lackey.

Taken from the urban legend concerning former President John F. Kennedy who reportedly enlisted the aid of a White House assistant to hold the head of the of the woman he was screwing (doggie-style) in a bucket of cold water, 'causing her to clench up, making the experience more enjoyable for the President.
Bucketholder by Frank Tedesco August 1, 2006