A softer version of the insult ''Fuckwit''. This means that it's still very much indeed a way of insulting people, but to a smaller degree than the word ''Fuckwit''.
Somebody who thinks others will go totally ga-ga over his horrible-looking woven-yarn creations.
John thinks dat people should admire his "labor of love" worsted-weight comforter, but any knitwit could tell dat it was just created on a sliding-head loom dat actually did virtually all da work!
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".