An object that is so battered and trashed that it would cost one more to fix it than to go out and buy a replacement.
Person 1: Man, your car is lookin pretty ragged...
Person 2: Tell me about it! The radiator is busted, the transmission is blown, and the windshield and doors are gone...this mofo is gettin fixpensive!
When something costs more to fix than it would to go out and buy a new one.
Person A: "Dude, your car looks like shit..."
Person B: "I know, the radiator is busted, the trannie is blown, my windshield is missing, and there is no rear left tire."
Person A: "Fuck dude, that sounds pretty fixpensive."