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Term used to refer to a useless or worthless in game item in the game Diablo 3 by Blizzard.

While the term can be used for any poor rare or legendary or set item that has the potential to be good, it is more commonly used to refer to items that should be good or at least useful (many legendary and set items), but invariably turn out to be useless and/or worthless.
When Referring to a newly identified item; "Yet another blizturd".
by Khazul November 07, 2012