As the story goes, a Chief Boatswains Mate reported aboard. He soon let everyone know that his previous assignment had been aboard the President's yacht. The other Chiefs soon got tired of hearing him brag about how he used to bait the president's hook and assist him in fishing. Finally they devised a way to shut him up. When he started on one of his boastings someone said,
"You know, he certainly isn't a Third Class Baiter!"
A second chief chimed in and said,
"No, and he sure as hell isn't a Second Class Baiter!"
Someone else piped up and said,
"He's even better than a First Class Baiter!"
Then in unison, they all shouted,
"By God, he's a Master Baiter!"