1. (Slang) Gossip; rumor
2. (Nautical) A drinking fountain on a ship; a cask on a ship used to hold the day's supply of drinking water.
3. (noun) a report (often malicious) about the doings of other people
I was hanging out at the scuttlebutt, waiting to get some water when I heard some good scuttlebutt on Vern and an inflatable sheep.