A useless person, can be a man or a woman. Also an aggravating person who is working your last nerve.
This word works also works well if you are in a drunken or stoned state. First came into use around 1996 by two guys who were stoned out of their minds on pot.
Dude, don't be a cunt basket. Pass me the bong, man!
How dare that cunt basket cut me off on the freeway!
while partners are engaged in sexual acts the female has her legs placed behind her head in a basket like shape and the male places his genitalia (cock and balls) into the vagina simultaneously.
Mitch: Hey man you know that girl from the bar last night