For dummies who doesn't know what it means
1.A formal statement admitting that one is guilty of a crime.
2.An admission or acknowledgment that one has done something that one is ashamed or embarrassed about.
Okay, so one thing I feel guilty about, Me and my cousin steals walmart tech decks(those mini skateboards) and collect them, We haven't got caught and we've been doing it for like 3-4 months, He's 12 and i'm 13 and I have a shitload of tech decks now.
Don't try this is you're not sneaky, you could go to jail!