Slang for worthlessness. To take something from someone without working for it or earning it. To bailout a lost cause. A state of being without value or morals. To make monetary gains from 'friends' without reason or effort. To feel without worth.
'Did you hear on the news, Obama is now trying to give a trillion dollar bailout to the Philisoworthless Enron!
After losing, and having to be known as the second best. The boy weeped and said to his speedo wearing father,' I have never felt this low level of Philisoworthless.'
Speedo wearing father says to boy,'I felt Philisoworthless when I married your mother.'