1. A reference to the outline of the male genital area as viewed through pants/swimsuit/undergarment. See also package. Term often used by gay men in assessing the potential size of a potential suitor.
Gee whillikers, Luke - did you notice the size of Lawrence's basket? Jeff Stryker ain't got nothin on THAT piece o' meat. Come - lets fetch another crantini, and shake our booty to some 80's Europop!
A code word used to let your friends know that the situation is uncomfortable and you would like to get out of it.
when hanging out with people you dont know so well.
you: basket
your friend: well guys we have somewhere to be and were late so we'll see ya later.
you: thanks man that was sketch
your friend: yeah it was.