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Acronym for "Bunch Of Guys Sitting Around The Table." This is Pentagonese for the events transpiring in the War Room while hundreds of people are dying elsewhere.

It can be applied to any situation in which people of questionable ability, experience, or knowledge make important decisions.
"There's a BOGSATT in the conference room."

"I lost my job because the BOGSATT said I was inept."
BOGSATT by Fox April 15, 2005
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Bunch Of Guys Sitting Around Talking refers to regularly scheduled daily/weekly worthless meeting. During BOGSATs, typically nothing of value tot he organization is accomplished nor comes from it... except wasting time and (usually) expanding someone's ego.
"I'm enroute to 1500 BOGSAT."
BOGSAT by alfree August 14, 2008
Related Words
Short for Bunch Of Guys Sitting Around a Table. Usually referring to meetings or decision by committee.
Dil#1, "Man, that's fucked up. Who tha fuck came up with that?"
Dil#2, "Man, you know. The same as always, BOGSAT."
BOGSAT by Soupy Boots January 24, 2007