I'm fairly sure this was Homestar's failed mimicry of Strong Bad deleting e-mail in the Strong Bad e-mail episode where he leaves and Homestar comes into the room and cannot figure out the word "deleted".
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A mix of the words ban and delete. Often used by administers and/or moderators as they have the power to do so. Balete originated from Homestar Runner, a popular flash site.
Please balete him before he causes anymore trouble.
She will be baleted as soon as possible for trying to hack our forums.
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