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ROFL Lobster 

1.The mysterious creature that appears when a funny, and often times ironic, event is about to occur.
Jimmy was very worried while sniping in Halo, because it left his backside open to attacks. To solve this, he turned around often. He saw the ROFL Lobster, and interested, stopped to get a good look at it. He was shot from behind.
ROFL Lobster by Colt Jonson October 9, 2008
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Sloppy Lobster 

Eating out a girl with melted butter wearing a bib with a smiling lobster on it.
Dude good thing I bought a new bib yesterday because I gave my girl a sloppy lobster last night and it was messy!!
Sloppy Lobster by funtimes358 October 3, 2010

Red Lobster Effect 

A commercial in with the food looks delicious, until you realize the restaurant the commercial is for always serves substandard food.
"That sure looks good!"

"Yeah why don't we go there?"

"Aww, it's at Denny's."

"Darn! Sucked in by the Red Lobster Effect again.
Red Lobster Effect by TZer0 June 23, 2013

levi lobster 

I had a great date lined up & asked her if she would like to go out to eat or stay at home for some seafood? After agreeing to stay at my place she asked, "Where's the seafood?" I proceeded to un-zip my fly & let her feast on my Levi Lobster.
levi lobster by Dill boy May 22, 2006

5 Dollar Lobster

1. A'n extremely poor person of economic society. They often can not pay loans or keep secrets if they suspect it may land them cash if they tell others. They are desperate saps, often pretending they are rich to get the attention of celebrities. They also rely on very low end things that cost 5 dollars or below.
2. One of the many specialties of Las Vegas resort bistros. To keep up the supply and interest (and budget) tourists, they must lower the standards of food. AKA: The 20.00$ lobster was lowered to 5:00$ one
1: "Tod, did you see that poor sap trying to take that hot bitch to Tojo's? I bet he can't even afford the place!"
Tod, "Poor guy, I really hate those Five dollar lobsters!"
2: Jim: "Shit, I just got e-coli from that meal"!
Tod: "Damn, the notorious 5 dollar lobster strikes again"!

Buying the lobster 

Choosing to buy a significantly more expensive item largely because it is better marketed and more ostentatious but which is actually of slightly inferior quality to the cheaper option. Often done on impulse.
Adam: "You know I kinda regret forking out $5000 for this fancy clockwork watch. I need to wind it all the time and my old quartz watch was noticeably more accurate."
Barry: "You spent $5000 on a watch! What were you thinking?"
Adam: "I dunno ... it looked great in the shop window and my credit card made it so easy. I guess I just bought the lobster."
Barry: "I know what you mean, I hate buying the lobster."

Rock Lobster 

Someone who picks up your coke for you and then proceeds to pinch your bag
"DT picked up an 8-ball for me but when I got it it was half a gram short"

"How did that happen?"

"DT Rock Lobster'ed me"

"That fucking Rock Lobster!"
Rock Lobster by b0ing August 13, 2009