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Verb. To fall as if from a great height, hit the ground with a significant impact, and end up below ground level. Used figuratively to describe a severe downturn in popularity, reputation, value, etc.
The president's approval rating really cratered after the latest scandal.

My stock portfolio cratered during the tech sector implosion a few years back.
by Evac156 February 22, 2005
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When a man with a large pot belly wears a shirt that is too tight causing his belly button to make a massive indent in the middle of his stomach resembling a crater on the moon. Generally this man believes that he is incredibly sexy when he is actually disgusting and will compensate by driving BMWs and talking highly of himself. In rare occasions he will also wear "titty shirts" to accentuate his figure and perpetually hard nipples.
Man, did you see TK's crater in the meeting the other day? It looked like an asteroid had crashed into his stomach.
by Soup Lover August 05, 2008
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Name for a scar with deep valleys, flat plateaus, and steep mountain ridges residing just above the lip.
Man 1: "If I were tan, would I be different? Because paleness is the only thing I have going for me!"
Man 2: "I don't know, but you would still have the crater!"
by Craterdude72829 January 19, 2010
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To moon someone, with the addition of the spreading of one's asscheeks, revealing their asshole with the moon.
Person 1: Did he just moon you?
Person 2: No, he spread 'em and I saw his hairy asshole. He cratered me.
by mustangman626 October 29, 2014
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an acne scar(see also crater face)
I knew that I would eventually see a crater or two on your face someday.
by Light Joker November 27, 2004
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