The word used to decribe a relative (usually a child) of someone who has been given a job undeservingly.
Comes from "nepotism".
The person is a total slacker where he/she works, but cannot get fired because they have a relative who is in the upper tiers of management there.
Mr. Edward Applebee: I just got a giant load of work to do, even though it's time to go home, but I would feel like an undeserving nepotite if I shelved the project immediately
The practice of making decisions in favour of large breasted women, solely on account of the size of their boobs.
I see Tits McGee has a new role.
Yeah, I wonder what the panel saw in her...
Nepotitism again, innit?
Yep, a fucking disgrace.