Used to describe a good situation or occurence, or an unexpected reduction on the price of a purchase.
Friend: Man that new jacket costs $399.95! That's way too much!
You: I know, but it's so awesome, I just have to get it!
Clerk: Here you are sir, that jacket is $99.95
You: IZBARGAIN!

Boss: You've been doing so well lately, we're giving you a promotion.
You: IZBARGAIN!!
by JoefishB January 18, 2009

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