Colt is a word spawned from a Man named Colt Melvin Lewis. Known by his friends as Colstradamus because of his knowledge of all things obvious, and ability to do extremely gnarly things without consequence. The term Colt can replace any other word one can think of to enhance conversation, or just explain a situation.
Colt those Colting Colts, i'm Colting the Colt out of here, Colt!
Screw those Fucking guys, i'm getting the hell out of here, Peace!