A gadget or machine that may seem cool when it first comes out, but ends up sucking so hard that you feel ashamed to even invest a friggin' penny on this piece of shit.
I got a whopping $3 for my gizmondo on Ebay.
A brilliant idea for a portable device that could've been great and brought augmented reality to a whole new level. But sadly had some dumbasses managing the money and totally bombed.
The gizmondo coulda been great, too bad it sucked out loud.
An example of how people can make a good idea, make the product, and make it crap.
Oh no, we've done a gizmondo!
A gizmondo is someone who is very cheap, and very bad at managing money. Most gizmondos will avoid paying for anything at anytime. If its free, no matter how bad the product may be, a gizmondo will take it.
Gizmondos usually have very few friends, due to the fact that thier friends, most of the time, end up paying for the gizmondos activities or drinks.
Homeless people could technically be considered gizmondo material, because, through beggind, and panhandling, they get thier food and liquor for free.
Man, Mitch is such a Gizmondo, he wouldn't fork out $10 for fuel when I drove him to work for a week straight.
<woman> Jesse was such a gizmondo on our date, we went for a walk, and just talked. Then when the bill came at dinner he "forgot" his wallet.