A bid on an online auction site, such as ebay, made by the person who's auctioning an item on an alternate auctioning account. This is used as opposed to a reserve limit, and/or when the owner of the item doesn't feel that the highest bid on their item is enough. That way, it either gets an even higher bid or it isn't sold then.
The man put his car up for auction on ebay with a starting price of $1 because he thought it might have a bid war. He was sadly mistaken, and with only a few hours left, the highest bid was only $1000. But luckily he had another ebay account and made a phantom bid for $5000 so that he would either get what he wanted or not lose his car.
by -Cataclysm- of Newgrounds.com March 25, 2006
by anonymous1866 May 11, 2007
A girl's lacrosse stick. Bid refers to a woman (biddy) and the stick refers to the lacrosse stick she uses that is noticeably different from men's lacrosse sticks.
Guy 1: Yo you see that hot girl over there?
Guy 2: You mean the one carrying the bid stick?
Guy 1: Yeah man. The pocket on that lacrosse stick is so small, how the hell do they cradle those things?
Guy 2: You mean the one carrying the bid stick?
Guy 1: Yeah man. The pocket on that lacrosse stick is so small, how the hell do they cradle those things?
by laxflowprestondawg June 14, 2011
A term used with sites like ebay that means to bid over the minimun, but under what you think someone has payed. This can be quite dangerous because if you estimate the other bidder's bid wrong, you may end up having to buy the item.
Jim like ebay so much that he decided to play a game of Bid Chicken. He bid $25.00 on pants, knowing the last bidder must have enetered at least $30.00.
by Hackermeyer February 08, 2009
The act of bidding on something on eBay while intoxicated. In the following days, the drunk bidder hopes that he/she get outbid and doesn't have to pony up the cash.
by gizzmo696 February 24, 2012
It is the type of bidding, usually for a house, where the first impressions are very good but it's not what you actually want or need. You then knee jerk bid on it before thinking it through. Magpie bidders usually go away and withdraw their bid rapidly after thinking about it in more detail.
"It 'twinkles' I want it, let's bid now!"
Then sometime in the future:
"Don't like it"
"It 'twinkles' I want it, let's bid now!"
Then sometime in the future:
"Don't like it"
It's ok love, don't cry there will be other bidders. They were clearly just Magpie bidding, can't believe they would mess with people's lives like that.
by Hillario March 30, 2016