baskethandle 

A slightly humerous term used instead of an insult where the intent is still to offend (often in a playful manor) when a genuine insult is not suitable, nessasary or appropriate. Often because the recipient is vulnerable or not closely familiar to the 'slinger' of the term.

(Young Child with no understanding of their vocabulary): Your a fuck head
(Man): well your a . . . err . . . baskethandle?!? :S

baskethandle by person number 101 August 21, 2009