A junkloom is a family heirloom that may have once had value, but is now considered junk.
It can also be something that a friend has given you. they treasure it and consider it a great present. However, you consider it junk but are afraid to get rid of it. Nobody wants to break the homie's heart so there you are with yet another junkloom.
My mom always brushed her hair with this junkloom nobody wanted. She tried to give it to my fiancé as a wedding gift. My fiancé really wants me to get ride of it. She just doesn't understand the that to us its just a junkloom, but to her its her ancestors carved shoulder blade bone comb.
Plan to escape or extract one's self from an uncomfortable, boring, or otherwise unpleasant situation by means of bootie call, premediated date, prostitute, or other means of generally available/easily arranged coitus. Etymology of term derived from business term "exit strategy" making this term especially popular with venture capitalists, attorneys, yuppies, and anyone else who abuses business jargon.
Phew, that meet and great was so boring - luckily I leveraged my executive admin, Courtney as a sexit strategy so I could divest myself from a particularly non-value add situation, and move forward with a hostile takeover of her cooter.
