Pronunciation: kruft

Function: noun

Etymology: This term is one of the oldest in the jargon and no one is sure of its etymology, but it is suggestive that there is a Cruft Hall at Harvard University which is part of the old physics building. It is said to have been the physics department's radar lab during WWII. To this day (early 1993) the windows appear to be full of random techno-junk. MIT or Lincoln Labs people may well have coined the term as a knock on the competition. 

1 : an unpleasant substance -- The dust that gathers under your bed is cruft.
2 : the results of shoddy construction
3 : ["hand cruft", pun on "hand craft"] -- To write assembler code for something normally (and better) done by a compiler.
4 : excess; superfluous junk; used especially of redundant or superseded code