What does Bit Bucket mean?

Bit Bucket meaning in Computer Science Dictionary

quite container is a term utilized in the computer area to mention to any form of data or information having disappeared or already been lost for explanations which are inexplicable. The little bit container refers to the mysterious location in which these records went. If a user inadvertently loses a significant text file on his computer, some body might tell him, "i assume it offers visited the Bit Bucket."