A term used to describe someone who is under the influence of a vast quantity of drugs, most commonly Ecstacy or MDMA.
"Good God man! Those pills have got me rather spongled"
"He looks half-cut, in fact I'd dare say he is positivly spongled"
"He looks half-cut, in fact I'd dare say he is positivly spongled"
by Operation Dandilion October 19, 2008
Get the Spongled mug.Ads that have adapted to adblockers, and became "real" stories about saving 15 percent or more on car insurance. Also the 265th episode of South Park.
I just want to watch the news, but then I'm looking at an ad. I try to click the x, but it turns out its a link for the top ten worst celebrity plastic surgeries ever. So as I'm looking through it I get another ad leading to a slideshow on money making hacks even though it isn't even a hack, leading me to another ad, but I just want to know about the presidential campaign, but when I try to go back it turns out its a link to some sponsored content about Geico. And then the cycle repeats.
by aQUAT1C January 28, 2016
Get the sponsored content mug.by skonkered_slut69 April 27, 2017
Get the skonkered mug.A person who repeatedly borrows things. Often a person who also doesnt return them and adopts the attitude that you exist solely as a free equipment supply warehouse.
This stems from an underlying attitude problem where the person believes they will get away with whatever they can, to get through life.
This is not to be confused with genuine forgetfulness, where a person will feel openly guilty when borrowing from you and will buy their own gear immediately afterwards.
This person comes under the category as a pseudofriend
Possible solutions include openly embarrasing the person infront of others, or lend them broken gear. Embarrasment doesnt always work as they have no pride in themselves, and they will always return something that's broken as they will have no use for it.
This stems from an underlying attitude problem where the person believes they will get away with whatever they can, to get through life.
This is not to be confused with genuine forgetfulness, where a person will feel openly guilty when borrowing from you and will buy their own gear immediately afterwards.
This person comes under the category as a pseudofriend
Possible solutions include openly embarrasing the person infront of others, or lend them broken gear. Embarrasment doesnt always work as they have no pride in themselves, and they will always return something that's broken as they will have no use for it.
What a bloody sponger?! Every day he asks to borrow something and I never get it back.
Sod off! I'm not a walking stationery shop you sponger!
Sod off! I'm not a walking stationery shop you sponger!
by missadventure November 1, 2006
Get the sponger mug.(FINANCE) an initial public offering of stock in a company by a private equity fund that already owns it.
ILLUSTRATION
Suppose we have a company, HCA, that currently a publicly traded corporation. Now, some people with a lot of money arrange to borrow even more money, buy ALL the stock in HCA, and then turn it into a private corporation. All of the shares of stock are withdrawn and the company no longer has to publish its financial data with the SEC.
In theory, the new ownership can totally restructure the management; invest in new assets; divest old assets; retrain staff; or otherwise refurbish HCA so it does its job better and more cheaply. After doing this, it sells the new HCA to the public for much more than it paid for it, and everyone comes out a winner.
In practice, PE fund raids HCA to the tune of $2.5 billion and saddles it with the gigantic finance costs of its own LBO. Investors think they're buying a set percentage of HCA when they buy shares, but they're really just extending the process of vacuuming cash from the pockets of investors.
ILLUSTRATION
Suppose we have a company, HCA, that currently a publicly traded corporation. Now, some people with a lot of money arrange to borrow even more money, buy ALL the stock in HCA, and then turn it into a private corporation. All of the shares of stock are withdrawn and the company no longer has to publish its financial data with the SEC.
In theory, the new ownership can totally restructure the management; invest in new assets; divest old assets; retrain staff; or otherwise refurbish HCA so it does its job better and more cheaply. After doing this, it sells the new HCA to the public for much more than it paid for it, and everyone comes out a winner.
In practice, PE fund raids HCA to the tune of $2.5 billion and saddles it with the gigantic finance costs of its own LBO. Investors think they're buying a set percentage of HCA when they buy shares, but they're really just extending the process of vacuuming cash from the pockets of investors.
MIKE: So I hear that KKR and Bain Capital are selling HCA back to the public. A new IPO, huh?
MARGARET: Avoid it. Ordinary IPO's by companies going public for the first time are doing much better.
MIKE: But that's crazy! It's a sponsored IPO! By KKR and Bain Capital! It's got to be good! They'll still own most of HCA afterward, so they'll do what it takes to make sure the price stays high.
MARGARET: No, they don't care what the share price does so long as they get your money out of you. In the meantime, they've looted the company in the most inefficient way possible: using an LBO financed with junk bonds.
MIKE: Ouch, I guess my head is glad I talked to you about it but my heart is a greasy stain in the pavement.
MARGARET: Avoid it. Ordinary IPO's by companies going public for the first time are doing much better.
MIKE: But that's crazy! It's a sponsored IPO! By KKR and Bain Capital! It's got to be good! They'll still own most of HCA afterward, so they'll do what it takes to make sure the price stays high.
MARGARET: No, they don't care what the share price does so long as they get your money out of you. In the meantime, they've looted the company in the most inefficient way possible: using an LBO financed with junk bonds.
MIKE: Ouch, I guess my head is glad I talked to you about it but my heart is a greasy stain in the pavement.
by Sorry, the good guys lost September 2, 2010
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Get the Spencered mug.A bunch of horny hoes who love UK boyband Roadtrip. They also ship Javie but they’re mainly just hoes
by Sponges October 8, 2019
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