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Originally a word for someone who is a drunkard, over-fond of ale, of tossing the pot of ale back.

Earliest example of this known is in 16th century Elizabethan English,
Shakespeare's play "Twelfth Night", has the word in the closing part of the play, in Feste's song.

Nice to see it's still used, even if the meaning could be slightly different.
"But when I came unto my beds,
With hey, ho, the wind and the rain,
With toss-pots still had drunken heads,
For the rain it raineth every day."

That Kevin is an effin tosspot, pissed out of his head again.
Tosspot by jack10pen January 1, 2009
Related Words

tosspottery

Can be defined as an act of folly by an individual or group; exuding a negative yet humorous quality such as: self-indulgence, delusions of grandeur, blind stupidity, beaurocracy, incompetence etc.
Putting on his 'Lighthouse Family' album to get the party started was an act of sheer tosspottery.
tosspottery by jimenycricket April 4, 2010
you fucking tosspot, look what you've gone and done!
tosspot by Phillip Jackson May 23, 2002
Basically, it means that you are a wanker.
Tom P: i fink im soo c00l bruvva!1!!
Me: You tosspot.
complete arsehole. someone who really deserves to die slowly and painfully
Mr Newman, crappy drama teacher at WBGS. what a complete tosspot
tosspot by newmanFan January 30, 2005
With reference to "Bastard" this word is used as an insult. with the meaning of the pot that is used when donaters of sperm use to capture the "donation" hence the off spring being a bastard as they are not informed of who the donater is.
"Frost ya Bloody Tosspot"
tosspot by BounceWibble August 17, 2004