(adjective) Originally a german term for the word "rancid". (rancid botter)
Description for something negative.
1.)Used in german colloquial speech in fucked up situations or if something just sucks.
2.) Also a usual term for something, that looks old, cheap, decayed and/or dirty
3.) Affront for someone you don't like.
"Hey you fruity queer fucking fat ass, get the ranzig Ford Escort away from the street.
We want space for the flashy Honda CRX!"
"Oh look, isn't that the fat guy who always looks so ranzig? He's on the way to BK!"