"buttmaster" is a new zealand slang term for someone that is considered to be very good at everything s/he tries. usually exceptionally good looking with chiseled features. a buttmaster is typically found inside a pub.
ben the polak is such a buttmaster that i've never seen him fail anything he has tried. he has chiseled good looks too.
The act of violently shoving your thumb into your asshole and shitting as you do it, this is usually done for sexual pleasure. (Male or female)
Me: Dude, I just buttbated, it was amazing.
Billy: Does your thumb stink?
Me: (Sniffs thumb) FUCK YES! There's fucking shit all over my hand! I forgot to clean up I guess...