Noun. A free cellphone given by the US Government (i.e. you and me) to Americans and illegals who do not want to work and who believe they are entitled to free stuff from the Government (i.e. you and me) because they are lazy, uneducated and unmotivated... and because most of America is racist. This is but one "government benefit" that the current Obama administration believes is key to "spreading our wealth" and re-distributing money from the makers to the takers, similar to practices exercised by other socialist countries in Europe and South America. Other government benefits frequently enjoyed by these "slackers" or "47 percent" include free or subsidized housing, welfare, food stamps, disability payments and free healthcare (aka "Obamacare").
"Hey, Tawana, I just gots me another Obama Phone. How many of dese you got... and when is we gettin' dem iPhones?"
Obamaphone (n) - (linguistics) A word that has the opposite meaning of what is spoken.
I suspended belief in the contents of the speech, since it was filled with Obamaphones.
I only got 71 minutes on my Obama Phone this month.