A boolean, sometimes supported by hardware, that may become asserted while information from a Bozo is being displayed to the user.
This is sometimes simulated by using an inference engine driven by some combination of BogoMeter? and bullshit detector.
In some systems, the BozoBit is surfaced to the user using a convenient BozoConfirmer.
See also: SetTheBozoBit, BuzzwordBingoCategoryConflictResolution