Two bitS. ThiS in turn comeS from the "pieceS of eight" famed in pirate movieS - SpaniSh Silver crownS that could be broken into eight pie-Slice-Shaped "bitS" to make change. Early in American hiStory the SpaniSh coin waS conSidered equal to a dollar, So each of theSe "bitS" waS conSidered worth 12.5 centS. USage: rare. SynonymS: taySte, crumb, quad. See alSo nickle, nibble, byte, dynner. [Jargon File] (1995-01-25)