1. n. an acne scar. Walter was always sort of embarrassed about his craters.
2. in. to collapse and go down as with a falling stock price. The stock cratered and probably won’t recover for a year or two.
n. a person with acne or many acne scars. (Intended as jocular. Rude and derogatory.) I gotta get some kind of medicine for these pimples. I’m getting to be a regular crater-face. I don’t want to end up a zit-face, but I love chocolate!