One of the mysteries of the English language finally explained.
1An extravagant or riotous celebration, a binge; = "bust". Now rare.
2An escape, especially from prison; a breakout.
3A collapse or failure; an unsuccessful person, thing, etc.
4An instance of bankruptcy which has been engineered with the intent to defraud creditors; = "scam". Compare "bust".
Gambling. Crooked, illegal, dishonest.
Mid 19th century. From bust + out.
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