The name given to the biggest Jew out of your friends, the one who picks up all the pennies, nickels, and dimes.
Friend: "Wow, what a Magneto"
Adjective: Unconventional, daring
"Why don't you take it easy on that Zinc, Magneto?"
"Magneto can you make me a bicycle out of this old pair of fishing rods?"
"Boy that sure is a magneto way of doing it!"