1. Any location where the majority population of potential sexual partners consists of the large, obese, and hirsute (ie: chick/dude has a walrus 'stache).

2. Mysterious destination of character Goose Man in flash animation film Pleasure Island II by Sexual Lobster.
Dude1: Dude, this place is a walrus pit!
Dude2: I know. Sara is hot but her roomies are scary.

Chubby Chaser1: Goldmine!
Chubby Chaser2: Awesome, this place is a walrus pit!

Goose Man: Where is the walrus pit?!!!!!!
by Heptard December 09, 2010

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