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1) woman who are fucking nuts!

2) an attractive woman who happens to be nuts / crazy
Karl: "Man, that bitch is super hot, I'm going for it"

DR. Fishstick: "Karl, not only is she squirrel bait, she is spilt milk." "You need to quit drinking!"

Karl: "Squirrel bait?"

Dr. Fishstick: "Ya, Dude she's fucking nuts!"
by cheese4green September 20, 2011
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5
adj.
Extreme right-wingers in the Republican Party.
Squirrel-Bait will never be persuaded to alter their views, regardless of the facts.
by tdp311 September 22, 2012
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Squirrel Bait: Sinilar to dingleberries, tag nuts, clingons etc but can be used specifically to feed small woodland critters.
Aw man it was a wars zone in there. Luckily I salvaged some Squirrel Bait so I can take a little walk through the woods.
by Goatybastard October 31, 2015
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