A SCAMbag who will do anything for a buck as well as lie, cheat and steal 2 get what he/she wants.
A scam-a-lama-ding-dong will charge you $50 for a $20 pair of sneaks and tell you that you're getting the bargain of the year.
by Scandalista December 06, 2006
Some radio personality named "Magic Matt" Alan famously used this term. Apparently it refers to a scam of the highest order, a far-reaching con, like global warming.
"You know, it is a big scam-a-lama-ding-dong, it doesn't freakin' exist!" -- "Magic Matt"
by wbeaumo March 06, 2008