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1.
equipmentthat Dad's seem to like to collect... large expensive toys, electonics, other cool tools.

A Dad toy - Dadget rhymes with Gadget.
Father's day is coming up, what kind of dadgets is he into?

He's got a camper, boat, 4-wheeler... all the dadgets.
by donsez May 18, 2009
 
2.
Those fairly useless gadgets bought for Fathers on days like Father's Day or Christmas.
The electric tie rack with motion activation was the latest dadget I got for Father's Day.
by Bamparoo February 15, 2011