Insignificant eddie is someone who is too unimportant to be worth consideration. If someone is lacking power, position, or value; worthy of little regard then they are insignificant eddie.
Mike was not allowed to run in the race as he was considered too bad and unimportant to be worth consideration for the event he was insignificant eddie.
Term used by individuals who either don't understand basic grammar or don't understand basic financial terms. They also fail to properly read the error message right in front front of their faces.