derived from 80s prison slang referring to a a nigger bitch in prison that gets fucked all day long and doesn't enjoy it, hence the ugly bitch clamping the butt hole shut so tight it resembles a lizards butt.
yo Jamal, mmm mmm that nigga otis got the tightest lizard butt a nigga ever fucked... damn i love prison, most lizard butt i ever fucked!
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some kind of slippery character who is looking for some butt.
Jeffrey was often seen lurking outside the old tavern looking at butts, he is a real butt lizard if ever i saw one.