Slang: Genuine and true, but not in a good way. The mock formality alludes to a professional judgment.
2. My car just broke down. I swear that thing is a gold-plated piece of shit.
3. My boss is ok, but his boss is a gold-plated asshole.
Karl: Yeah, although I must excuse myself for being "Gold-Plated" when i got locked out of my room on friday night.