1. From Middle English "botye" (advantage) < Middle Lower German "bute" (exchange)
, and loot
, this term had its heydey with the pirating adventure novels in the style of Robert Louis Stevenson's "Treasure Island". Now used only in this sense by the gaming, noveau-academic, and musically-inclined social circles, it can refer to the objects obtained, including but not limited to coin and cash, valuables, personal effects, and even some of the second definition of the same word, through the sack or otherwise defeat or surrender of the former possessor. In abstract terms, booty can also refer to a sense of victory that can be likened as such.
2. From "1, booty" < Slang
(among others), denotated as the posterior, usu. that of females, by which the likelihood of sexual attraction and subsequent actions on the parts of both parties are proprotionally determined; this term has gained great use among modern rap artists, although a less directly sexual context appeared as early as the 1970s.
1. Pirates threatened the town with arson, and in return, the citizens surrendered to them much of value - gold, provisions, even a few unwelcome women. The pirates, pleased with their new booty, sailed away and left the town untouched.
2. What I wouldn't give for some of her booty!