Usually associated with doing some kind of illegal/disobeying activities.
When someone is being "bait", it means that they are not being careful in whatever they are doing, and are likely to be caught.
If a situation is "bait", it means that there is a large chance of being caught at whatever you are doing.
Jevan: Oi, lets go do some shotties in the smoking area.
Henry: Naah mate, thats so bait!
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