Scuttlebutt is that unofficial information that circulates before the facts are fully known. The word originated aboard ships, where sailors gathered around a cask of drinking water called a "scuttlebutt" to chat and exchange news. The scuttlebutt isn't always accurate, but it can be more entertaining than the official story.
Example: The scuttlebutt around the office was that the director would lose the promotion to someone less qualified.
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