It means to leave without warning, to levant (another of my favourite words!), and I like it because something about the sound of it makes me think about people sneaking away walking like crabs (like Dr. Zoidberg in Futurama).
Bob Leslie
Glasgow, Scotland






Perhaps it gives you that strange Futurama image because it has the word squat in the middle?
[...] than Americans — they’re submitting the most interesting words hands down Absquatulate [...]
Very nice word!
“Next morning, when our guard was down, he simply absquatulated with our hard-earned gains and was never seen again…”