bit bucket UK /ˈbɪt ˌbʌ.kɪt/US /ˈbɪt ˌbʌ.kət/noun 2verb 1forms 4 noun2 •(slang, humorous) An imaginary domain that accepts lost, discarded, or useless digital data that does not reach its intended destination, such as data lost in transmission or due to errors; the notional resting place of lost or missing digital information.Applications [...] Overflow register (bit bucket) — 1972 •(historical) A container for holding chad (“small punched-out pieces of paper”) from paper tape or punch cards used with teleprinters, early computers, and other machines.The lost bits fall into a container called a bit bucket. They are emptied periodically and the collected bits are used for confetti at weddings, parties, and other festive occasions. — 1964 verb1 •(slang, humorous) To delete.This DSC receives all inputs and performs all computations in synchronization with the online computer; however, the DSC outputs are "bit bucketed." — 1970 formsbit bucketed · bit bucketing · bit buckets · bit-buckets