Taken from the phrase year dot, year debt refers to a year when you've got lots of debt to pay back, especially after having a merry cashmas.
by Little Computer Nerd December 19, 2009
The opposite of a life's savings. Its when you acquire lots of credit card debt, car loan, students loans and are financially inept.
by chipworthington October 18, 2016
by thehungryshubham July 29, 2020
When someone wins a slap bet but has yet to deliver the slap. This may be due to a desire to strategically time the slap or, more commonly, the lack of fortitude to strike a fellow human being.
"Dude, I heard you lost a slap bet to Tracie last week! That must have hurt!"
"Naw, she still owes me a slap debt. She doesn't have it in her."
"Naw, she still owes me a slap debt. She doesn't have it in her."
by Obey The Hypnotoad February 19, 2014
The machine used to create the national debt and by design was invented to punch through the debt ceiling with impunity.
"Dude - I thought it was Congress and the President making us broke. I came to find out it is the debt-o-matic device invented by our large number of entitled citizens!! Man, what a team . . .
by Contracts God December 18, 2012
by Green Pill December 31, 2020
Basic carrot and stick system, whereby you promise someone to suck their cock in exchange for a good/service by a certain date. However if they fail to deliver on that date, they owe you a bloj instead.
<Tues> "Jeff, if you get me that wire by Weds I'll suck your cock."
<Tues> "Done! Get ready for a fat one in your mouth!"
<Weds> no wire
<Thurs> no wire
<Fri> "That's it Jeff, I invoke the right of Reverse Gobble Debt!"
<Fri> "aww, god damn it...I deserve that for lagging all the time, I guess you get to fuck my throat and make me Gwock hard"
<Tues> "Done! Get ready for a fat one in your mouth!"
<Weds> no wire
<Thurs> no wire
<Fri> "That's it Jeff, I invoke the right of Reverse Gobble Debt!"
<Fri> "aww, god damn it...I deserve that for lagging all the time, I guess you get to fuck my throat and make me Gwock hard"
by myfakeurbanDname March 6, 2020