[1] According to Baseball Almanac, the squeeze play was invented in 1894 by George Case and Dutch Carter during a college game at Yale University.
[2] In a safety squeeze, the runner at third takes a lead, but does not run towards home plate until the batter makes contact bunting.
[1] In a suicide squeeze, the runner takes off as soon as the pitcher begins the windup to throw the pitch, and before releasing the ball.
[1] If properly executed, and the batter bunts the ball nearly anywhere in fair territory on the ground, a play at home plate is extremely unlikely.
[3] These plays are often used in the late innings of a close game to score a tying, winning, or insurance run.