(n.) as in to "get the ghosthole." When you think you're inside, but really it's a fake out and yr just between the thighs.
Figuratively, whenever you think you're currently getting something you want, but in reality yr not.
That girl was not feelin it last night, I thought it was goin well, but she gave me the ghosthole.
This party was supposed to be really awesome. i guess we got the ghosthole.
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