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fishbait 

1) An african american or dark skinned people that are very scarce in a mostly white dominated area that is either surrounded by water or very near water where fishing is a very popular.
There aren't very many blacks in Cape Cod because when the locals see them they catch them and use them for fishbait.

or
I saw a bunch of fishbait playing basketball and drinking malt liquor down at the park earlier today.

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Fishbait 

Usually a term given to Freshmen, or any person under the age of 15. This term is usually given by an older person, around the age of 18, who has kissed or used their "fishbait."

Additionally, if you are the fishbait, you may be invited to parties with that 18-year-older and be able to partake in comsumption of any drugs or alcohol and the like.
Woah, happy birthday. You're 15. Congradulations- you aren't fishbait anymore!
Fishbait by KyleBroflovski December 20, 2010

Fish Bait 

Hank Hill got arrested buying crack with the intention of using it as fish bait
Fish Bait by A.C. Sativa October 9, 2012
A terrifying creature that has the face and wings of a Bat and the body and tail-fin of a fish.
Doesn't Claire look like a fishbat?
Wow that fishbat is huge!
Fishbat by Fishbat Discover-er June 16, 2010

Fish Bait 

Jail bait located at an aquarium.
"Steve don't touch that it's fish bait!"
Fish Bait by yourwelcome1088 December 21, 2009

fishbate 

(n.) Beastly man; one whos experties in women and video games is high.

(v.) When a man touches a womens penis
"Oh man, fishbate is a complete beast"
fishbate by Daniel December 20, 2004

fishbits 

Bits of batter that have fallen off a battered fish. Normal people call this 'Scraps'.
Give us some Fishbits with mi chips love.
fishbits by Pete Smith May 1, 2006