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A place where you find yourself when you're down and out. You certainly have no pride in it, you may not be able to even pay for it, but it's someplace that is slightly better than the street. A contraction of the words "crash" (as in a place to land) and "hole" (as in an undesirable place), it is meant to sound like "asshole", which is a place you're passing through, if you're feeling like you're in the turd part of your life.
Girl: "Can we hook up at your place?"
Guy: "No, all I have is a crashhole."
by hunter112 October 10, 2011
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