(vaj-i-rito. rhymes with "burrito")
when a woman takes a frozen burrito out of the freezer, and heats it up to perfection by sticking it into her vagina. If she is able to have an orgasm by doing this, this is called a "burritagasm".
Guy- "damnit, i'm so hungry, but i can't get anything to heat up this burrito!
Girl- "hold on, i'll give you a vagaritto."
Guy- "that's disgusting. but that burritagasm you're having is kinda sexy"
Vaguelity is a form of a many-valued time reference (e.g. soon, later, sometime, etc...) or probabilistic interpretations of treaties and contracts (e.g. loophole); it deals with reasoning that is approximate rather than fixed and exact.
Time Referenced
Child Riding in Car: When are we going to get there?
Parent Driving Car: Soon
Probabilistic Interpretation
The loophole he is trying to use is the vaguelity of the UN treaty claiming that only nations and govenments can't stake claim to the moon.