'Bated' is correct--'baited' breath, however, depends on what you've been eating...So true. lutefisk anyone?bate (bt)tr.v. bat·ed, bat·ing, bates To lessen the force or intensity of; moderate: “To his dying day he bated his breath a little when he told the story” (George Eliot). See Usage Note at bait. To take away; subtract. Usage Note: The word baited is sometimes incorrectly substituted for the etymologically correct but unfamiliar word bated (“abated; suspended”) in the expression bated breath.Source: The American Heritage® Dictionary of the English Language, Fourth EditionCopyright © 2000 by Houghton Mifflin Company.Published by Houghton Mifflin Company. All rights reserved.Gail~
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