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A false promise to reimburse someone cash for buying a product. Originally from the term re-bait which means to lure or trick someone over and over again. In order to make a product seem less expensive, some manufacturers offer a rebate of cash if you buy their product and them follow vague and difficult instructions that involve cutting things out, stapling things together, photocopying, mailing or shipping items and them waiting six months for a check that never comes. If the company really wanted you to save money, they would just have a promotional sale.
See also RIP-OFF, MAIL FRAUD.
I wonder what happened to my rebate?
rebate by robin graves February 21, 2004
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To follow up a masturbation session with another masturbation session.
Saturday night was lonely so I wanked then out of boredom I rebated.
rebate by Phil Heckleson February 16, 2014
When masturbating once wasn't enough.
Go away, rebate'n
rebate by Gimli June 25, 2009
when a skiing/snowboard trick or jump attempt does not work. then you go back and try it again.
rebate by sean180 February 11, 2008
rebate: to have a comeback in a rap/rhyme battle against another rapper.
Yo, his rebate was tight!
rebate by MCdayday69 March 18, 2012
Rebate means to masturbate again.
Pete knocked on the bathroom door, saying, "Hey Fred, we're playing softball, what are you doing in there?"

"I'm having a rebate," said Fred, "I'll be right out."

*
rebate by scodder July 18, 2010
The act of mastrubating twice within a 10 minute period.
After Elliot's long night of teasing from Karen...

"Dude. Where the hell is Elliot?"

"That blue balled bastard had to go rebate."
Rebate by A2Z April 1, 2008