The Collaborative International Dictionary
pod bit
Pod \Pod\, n. [Probably akin to pudding, and perhaps the same word as pad a cushion; cf. also Dan. pude pillow, cushion, and also E. cod a husk, pod.]
A bag; a pouch. [Obs. or Prov. Eng.]
--Tusser.(Bot.) A capsule of plant, especially a legume; a dry dehiscent fruit. See Illust. of Angiospermous.
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(Zo["o]l.) A considerable number of animals closely clustered together; -- said of seals.
Pod auger, or pod bit, an auger or bit the channel of which is straight instead of twisted.
Wiktionary
pod bit
n. A bit whose channel is straight instead of twisted.