A sum of money "lent" to a close friend in which said friend obviously has no intention of repaying, or the implied mutual consent of the debt never being repaid.
Michael: "Dude can you spot me on this monster, i left my mom's debit card at home."
Brian: "It's not like i didn't already give you a bronation to pay off the mortgage on your parent's house anyways, i guess a few bucks wouldn't hurt." *irritated grunt*
An organization of ordinary bozos who try their best to have a great life. This organization is full of only the greatest people in the United States. Everyone is free to join but to become a V.I.B. (very important bozo) you must receive a formal invite from the highest bozo in the land, Lord Bozo. There is also a set of simple rules each bozo must follow.
"Hey Charles, I can't believe you cured cancer! Time for a Baconation!"
"My dearest love, I can't think of a better way to celebrate the miracle that is the birth of our first child than by consuming copious amounts of bacon. Put down the baby, its baconation time!"