Something of value, which, for some reason or another, has continued to absorb considerable amount of payments due to its continuing failure to live up to expectation.
by penguintruth October 27, 2008
by da_troof May 16, 2015
Acknowledging that Object A is inferior to Object B in every way, yet preferring Object A. The phrase was coined on Family Guy when Peter Griffin used it in part to explain why he did not like The Godfather.
Atlanta's got no chance against Boston, but hey, I'm loving The Money Pit on this one. Atlanta in 6.
by TheBaldOneMpls April 15, 2008
A bottomless pit that is full of money. What some in government think they have when it comes to doing things.
George W. Bush thinks he has a bottomless money pit so that he can do anything he wants. This is the main reason we have such high deficets.
by jesster79 March 4, 2005