A word derived accidentally from a typo of the spelling of spotted. Often used to describe someone wealthy who misplaced their money or is having trouble relocating it.
"Greg spooted his money."
"He is SO spooted."
"He's my little spooted." =)
When a woman thinks she has to poot and they shit in there pants, the female version of sharted.
As most women say...they don't fart, they poot.
My wife said we need to leave the party because she just spooted.