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When a certain item is extremely cheaper then how that same item would regularly cost. A bargain, deal, etc.
Sam: This bong is 18 inches and it's only 13 bucks...

Korey: Get it dude. 99 cents!

Sam: That's what I thought!
by Raaaaaab March 11, 2013
1. Used to describe something that is poorly made, doesn't work, or has any other negative aspect.
2. Used to describe someone who is bad at something.
"Dude your CD player is skipping, wow, 99-cent CD player."

"Way to drop the food, you're a 99-cent grocery bagger."
by sniperoosky August 30, 2006