1) The mythical place where idiotic people you meet as adults spent their childhood summers.
2) A place that is set up awkwardly, has moronic employees, or is just plain stupid.
1) Dude - you meet that new moron in accounting? Looks like another proud grad of Camp Retardundo.
2) I ordered a beer and that bitch brought me a martini. What is this place - Camp Retardundo?