A pejorative term used regionally in Vancouver, BC, to denote the falseness or fraudulence of the "New" Cobalt. The Cobalt was once a world renowned hardcore music venue catering to the Punk & Metal scenes. It nurtured the early careers of countless local and touring bands as well as provided a place for established bands to play in an authentic atmosphere with a truly wicked sound system. Now under new management the Cobalt has reopened as a den of posers and tryhards happily throwing dance parties on the ashes of Vancouver's music scene.

(noun) A successful type of theft which results in an acceptable, impressive and rewarding payday for the protagonist.