Grifter slang for faking of your own death. Refers to the use of a chicken blood bladder to simulate violent death by stabbing, shooting, etc., although can refer to any faking of your own death by extension.
The grifter decided the best blow off for his con would be a cackle bladder, so the mark would not try to take revenge
Definition brought into existance by Pirates and other swashbuckling folk.
Some (misinformed) people think the Three Stooges invented this phrase, but they didn't - although it was probably the first time any Americans ever heard of it. Poor sheltered beings.
Aaaar matey, fry some cacklefruit and we'll be having ourselves a feast.