verb (used without object), absquatulated, absquatulating. Slang.
to flee; abscond: The old prospector absquatulated with our picks and shovel.

1820–30; pseudo-Latinism, from ab-, squat, and -ulate, paralleling Latin-derived words with initial abs- (e.g., abscond, abstention) and final -tulate (e.g., congratulate)

absquatulater, noun
absquatulation, noun
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World English Dictionary
absquatulate (æbˈskwɒtjʊˌleɪt)
(intr) to leave; decamp
[C19: humorous formation as if from Latin]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Dictionary.com's 21st Century Lexicon
Main Entry:  absquatulation
Part of Speech:  n
Definition:  the action of going away suddenly and squatting somewhere; making off, decamping
Example:  If the actress does not make an appearance soon, her fans will imagine a total absquatulation.
Etymology:  an Americanism simulating a Latin formulation
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Word Origin & History

1837, "Facetious U.S. coinage" [Weekley], perhaps rooted in mock-Latin negation of squat "to settle."
Online Etymology Dictionary, © 2010 Douglas Harper
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