i ) A half erect penis.
ii) Something that is useless
iii) Something that appears to be on its way to being useful, but isn't
iv) Something that
possesses all the drawbacks, and none of the
advantages of a given
phenomenon
Steve :
Did you get a raise at work ?
Dave : Yes, but only $2,000
Steve : That's like $50 a paycheck after taxes
Dave : It's about as useful as a half
hard dick.