An attractive underaged girl who you'd like to bang. But if you get caught banging her you'll go to jail, so she's the bait that lures you into the jail cell, hence the term jailbait. Is similar to a lolita, except the term jailbait only applies to an attractive underaged girl that you want to bang, while a lolita is an attractive underaged girl who also wants to bang you
R. Kelly's next concert is gonna be in cellblock 4 cuz' he got caught messin' with jailbait.
Guy #1: Hey man, look at that girl over there she's really cute, I'm gonna go kick some G to her.
Guy #2: Naw man, that girl looks like she's about 14. She's fuckin' jailbait, dude.
An underage boy or girl who is sexually attractive. Typically young teens who aren't aware of their status. If you DO end up getting with one, it'll land you in jail. That's why they're BAIT.
An event that occurs when a legal adult male views a girl from afar who appears to be very attractive due to clothing choice or physical development, but upon closer inspection discovers that she is clearly underage.
John was driving past the local park, where he saw a girl in a short skirt who looked rather attractive. Seconds later, he saw her from a closer distance and realized she was 13, blaming this event on "Jailbait Mirage."
billybobdave had a 3 some with 2 jb's last night and his 8th grade gf doesn't even know, and I heard he's still banging that freshman with playboy titties... He is on a jailbait frenzy !!!!