When you receive an apparently free, wonderful gift with high and/or unexpected maintenance costs not previously considered by, or obvious to, the recipient.
Mary: Grandpa is giving little Elizabeth a pony for her 12th birthday if she promises to take care of it! Isn't that great?
Bob: What?!?! How are we supposed to pay for the board, food, vet bills, and riding lessons for Elizabeth? Free Pony? Give me a break!

Bill: So I meet this hot chick, Sandy, who takes me on a 7-day cruise at no cost because she's filthy rich. Then two weeks later I've got crabs and herpes. What a free pony she turned out to be.

Jim: I can't believe I won that new Corvette in the church raffle! But since I'm unemployed and living with my mom, I can't even afford the gas and insurance, let alone maintenance.

John: Oh, man! Sounds like you won a free pony! Well maybe you can sell it and still get something for your trouble.
by redshirt58 May 12, 2011
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What you will get when we elect Vermin Supreme for president in 2020!
"My free pony platform is of course is a jobs creation program it will create lots and lots of jobs once we ah switch over to pony based economy, it will also lower our dependence on foreign oil, we will also be able to turn all that pony poop into methane gas, and wonderful compost and we will be able to re-up our soil that is being depleted by aero-chemicals etcetera. etcetera. etcetera." - Vermin Supreme
by Spooky G April 26, 2019
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A woman who’s a man eater without malicious intent, she just can’t be tied down.
Damn Lana is such a free pony I feel bad for her boyfriend because she just can’t be tied down but not in a bad way
by Dicknballz Zoe November 29, 2021
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