Sentence:  He sailed it out the hatch into the harbor, then shrugged off the wrap and balanced it in his hand. “Do for wiping rags, I guess,” he muttered. “I won′t be sorry to look down on this <WSD>pisspot</WSD> world, though.” 
Meaning of the word marked with <WSD> tags:  (pejorative) An unpleasant or disgusting place or thing.