I am confused about a bash script.
I have the following code:
function grep_search() {
    magic_way_to_define_magic_variable_$1=`ls | tail -1`
    e         
        
declareThere is no need on using prefixes like on other answers, neither arrays. Use just declare, double quotes, and parameter expansion.
I often use the following trick to parse argument lists contanining one to n arguments formatted as key=value otherkey=othervalue etc=etc, Like:
# brace expansion just to exemplify
for variable in {one=foo,two=bar,ninja=tip}
do
  declare "${variable%=*}=${variable#*=}"
done
echo $one $two $ninja 
# foo bar tip
But expanding the argv list like
for v in "$@"; do declare "${v%=*}=${v#*=}"; done
# parse argv's leading key=value parameters
for v in "$@"; do
  case "$v" in ?*=?*) declare "${v%=*}=${v#*=}";; *) break;; esac
done
# consume argv's leading key=value parameters
while (( $# )); do
  case "$v" in ?*=?*) declare "${v%=*}=${v#*=}";; *) break;; esac
  shift
done