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1.
An attractive underage male. Similar to the female version, only not female. For similarities, see "Jailbait" or any of its other forms, but replace female with male, girl with boy/guy, chick with dude, her with him/he, etc.
Cougar-ette (Female in 20s) #1: Oh, wow! That guy is so hot. I want him.

Cougar-ette #2: Oh no way girl! He looks like he's 15 - that's totes malebait!
by Black Smoke Monster May 22, 2009
23 1
 
2.
Almost like 'jail bait'. In this situation an overage male wishes to have a sexual experience with an under age male. this will result in a mandatory jail sentence as well as some time spent on the sex offenders register.
male of an overage status wishes to conduct sexual acts upon an under age male - male bait -
by Tripod - CW January 22, 2008
7 8