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scuttlebutt(n.)

also scuttle-butt, 1805, "cask of drinking water kept on a ship's deck, having a hole (scuttle) cut in it for a cup or dipper," from scuttle "opening in a ship's deck" (see scuttle (v.2)) + butt (n.2) "barrel." Earlier scuttle cask (1777). The slang meaning "rumor, gossip" is recorded by 1901, traditionally said to be from the sailors' custom of gathering around the scuttlebutt to gossip while at sea. Compare water-cooler, figurative for "workplace gossip" in mid-20c.

"According to the office scuttlebutt, Glen is going to be axed on Monday morning."

That makes some sense :) There's a lot of phrases originating from sailors that most people will use without understanding.

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