The act of searching one or several Half Prices Books for a book, movie, or CD you want but do not feel the need to pay full price for. Often times one has previously owned this item but has lost it.

Can also be used as the verb "Half-Price-Booking-It".
Nati: Aw man, I lost my copy of Garden State. I guess I'll just Half-Price-Books-It.
by NatiBee May 17, 2010

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