Short for Jailbait Vacation. To travel somewhere with a lower than average age of consent with the singular purpose of having sex that would normally get you arrested. A bit of consensual, guilt free fun without the jail time.
"So did you hear that 16 is legal in Arkansas?"
"Seriously? I thought you had to go to Japan for that sort of thing."
"No sir, it's all right here in America. I think it's about time we took a Jaybay Vaycay and fucked some high school girls."
"Sugoi"
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