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A means of propelling a [[punt]], a flat bottomed [[boat]], across [[water]] using a pole (which is usually [[wood]]en).  

A popular [[tourist]] and [[leisure]] activity in the university towns of [[Oxford]] and [[Cambridge]], [[England]].
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To students at many colleges and [[university|universities]] in the [[English]] speaking parts of the world, it is the conscious act of ignoring responsibilities to complete class assignments, as in, "I punted my problem set last night," or "I'm punting the study group for the exam."

Similar usage is common in U.S. business, industry, and engineering circles as in declining to tackle  (also from [[American Football]]) a problem or giving others (perhaps better qualified, more ambitious or merely needing the work) the opportunity to shine or fail.
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Punt is also an [[American football]] term meaning to kick the football downfield using a proper stylistic kick.  This is commonly used on a fourth down (that is, after three plays that fail to produce a 10-yard gain necessary for a "first down" and another 4 downs with the ball on offense) in order to increase the distance that the opposing team has  to cover in order to score via a touchdown or field goal.
A surprise kick (to achieve better field position by eliminating the run back or catch of the ball) also must utilize the punt style skill although it is rare.