1 definition by Cowtownproxy

To make a bet, either due to alcohol-driven bravado or a mistaken estimation of ability, so ridiculous that you finally capitulate and pay up without even undertaking the activity that is the subject of the bet.
UAW Member #1: "Why are wearing Daisy Dukes and a half-cut T-shirt into our bar? You sweet or somethin'?"

UAW Member #2: "Turn around, boy, so I can see the back of your shirt."

Thin Guy: "Dudes, seriously. He lytled a bet. Please let him live. I need that shirt for the wall in my office."
by Cowtownproxy February 25, 2011
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