A product that has been over-engineered for a too specific purpose. A product is usually considered to be a left-handed sponge when it is marketed with a very specific purpose, yet another cheaper generic multi-purpose product can easily be used in its place.
Did you get some chain lube for your bike? Nah, it's a left-handed sponge. I just use WD-40.
by seanmft March 17, 2014
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When you give someone a handjob after being in water for too long and your fingers are all spongy and junk <3
Sponge hands are good exercises to show those you love that you care.
by Spongehand McGee September 5, 2014
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When an ex asks for more money for things that should already be covered by child support.

Also when an ex files for child support arrears despite being fully paid.
“She’s got him by the balls and really squeezing the sponge for that orthodontist bill.”

“She spent all the child support on a new truck for her boyfriend, now she’s squeezing the sponge to pay for the kid’s summer clothes”

“The County takes half your income even if you’re caught up. They really squeeze the sponge
by Fact Based Person January 30, 2018
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Someone who says and spells everything wrong.
Man: How are you doing Barney and Morris ?

Bennie: My name is Bennie, and he is Boris.

Boris: What a sponge-bag !
by TecazHernandez August 24, 2022
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1. DRUGS

2. Eating and bottle bucking at the same time
Hey dude, I live for the bottle sponge!
by billyblown666 February 21, 2018
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To not hedge your risk; a universal finance term oftenly used by traders to inform salespeople to absorb the risk and do nothing. Also a code word that signals it is time to panic.
"SPONGE IT!"
"Wait...what is he talking about? Is he calling me useless? I'm too afraid to ask...yup I'm screwed."
by Moyka July 17, 2017
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