Nickname for Cate Blanchett. Because of the odd spelling of her name, her common independent and cameo film appearances, resemblance to a feline, and overall warm and comforting acting method, she could very well be a Cat's Blanket.
Stu: Na, I ain't never seen that film.
Laura: Trust me, we saw it.
Stu: Who was in it?
Laura: No one big, except for... What's her name, the British lass...
Ryan: Cat's Blanket?
Laura: Yeah, her.
Stu: Dude, that movie sucked.
by RyKirb July 7, 2008
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An insult that is only to be used at the most necessary times. Meaning what ever you want it to mean but is always insulting.
You got us caught cheating again and now we are getting expelled you fucking cat blanket
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