Source : Webster's Revised Unabridged Dictionary (1913)

Absquatulate \Ab*squat"u*late\, v. i.
   To take one's self off; to decamp. [A jocular word. U. S.]

Source : WordNet®

absquatulate
     v : run away; usually includes taking something or somebody
         along [syn: {abscond}, {bolt}, {decamp}, {run off}, {go
         off}]