In poker, when you know in your gut you are beat but call a bet anyway, it is an "orange belt" play, i.e., a classic intermediate move.
The implication is that a white-belt player wouldn't even know they were beat and would call, and a black belt player would know they were beat and fold.
A competition between male roommates (use of an actual title belt is encouraged) in which the winner is the first to sleep with two women at the same time while still in accordance with the following rules:
1. The aggragate age of all participants must be under 83
2. The aggragate weight of all participants must be under 400 lbs.
3. Are you paying these women? ...be honest.
4. Use of tequilla and the "mortality angle" are allowed.
"Dude, I can't figure out which one is the third wheel."
"Oh, my God...It's a tricycle!"
"It's time, I have been chosen...I'm going for The Belt."
A belt, usually black leather, with studs in it. Usually the studs are standard 1/2 inch pyramid studs. These belts are a way of labeling yourself as a punk. However, now emo kids are wearing them to show that they're post-punk emo.