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A cheezy catchphrase said by a drop-dead sexy half-demon in an epic game series called Devil May Cry. The fact that said character is smoking hot defeats the fact that the phrase is retarded..automatically making it accepted and funny. Dante and his elder twin brother say this at the ending of the third game during a cutscene in order to defeat the final boss.
Dante: "Remeber what we used to say?"
Dante & Vergil: "Jackpot!"
Jackpot by Haruka-chan March 3, 2009
When one is smoking a bowl of marijuana out of a piece and they suck so hard they get the whole bowl sucked into their mouth.
Oh dude! You just jackpotted huge! Thats neg props and you're haggard
jackpot by AlAx August 15, 2005
Used to define a person in a negative way. Generally because they are of dumb club slut, or just a total moron in general.

Generally, these people have no idea what it means to enter into a social situation, and maybe subject to repeated and constant ridicule. These people may have mild autism, or undiagnosed aspergers syndrome.

Generally speaking when used to define someone as a jackpot, they are the opposite of this term. A complete and total failure.
You met that guy/girl at the club at 2:00 AM? Wow, that is a real Jackpot!

We have an Asian friend and we introduce him as a jackpot to anyone he meets as a joke because he is such a dumb cheap bastard.

Wow, you really hit the jackpot with that guy/girl.
Jackpot by MostlyHonest December 18, 2015
An anal treat orally given by a sexual partner while the recipient masturbates/jacks himself to completion.
jackpot by Andy Flores July 3, 2008
adverb-refers to the act of a lady going in to a sperm clinic and being impregnated with a random sperm sample. Then waiting 20 years to see how the child grows up, if their successful, jackpot.
it's not retarded, jackpot.
jackpot by ben November 16, 2003
The party got real crazy when he busted out the jackpots.
Jackpot by InsaneDolphin April 18, 2014