An amount or “wad” of money possessed or used by a person who falsely believes it is sufficient to accomplish something impossible or deliver magical solutions to a problem. A term applied to someone with delusional or false hopes about what spending money can accomplish.
“President Obama thinks corporate bailout money is a magic wad. He expects sociopathic corporate executives to instantly become honest and responsible as a condition of bailing out the companies they have destroyed through incompetence, greed and corruption.”
“Hey dude, Benny thinks he is going to find two tickets to the sold out Paisley Rabbits concert tonight for the twenty dollars he has left from his pay check. Yeah, he thinks he has a magic wad.”
“I have made a million dollars now. If I want something done all I have to do is make a telephone call and it happens. I am going to call my Congressman and tell him I want all the current members of the US Supreme Court removed and replaced by the end of the month.” (This man thinks one million dollars is a magic wad that will get his Congressman to do anything he wants.)