"Declaring Bookruptcy" is the act of abandoning a book that one has been reading before reaching the end of the work. May be coupled with "Chapter __" to declare just how far into the work one managed to get.
"Oh man, this class has us reading "Brothers Karamazov". Have you read it?"
"Nah, I declared bookruptcy a few hundred pages in."
"Wuthering Heights was really awful, I couldn't get through it without declaring bookruptcy"
"My friend said it gets better towards the end"
"Oh, I wouldn't know, it was a chapter 3 bookruptcy"
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).