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The "Price is Right" rule is used in any game or contest where the one closest to the target number without going over is the winner.
We all bet $25 each we could guess the fat guy's weight using the "Price is Right" rule.
by Joobilee71 April 01, 2007
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Abiding by the standards of the preliminary bidding and showcase rounds of the game show The Price is Right. Specifically, a guessing game participant tries to guess the value which is the closest to being correct without going over.
Me: Dude, I got a game we can play; let's guess the price of people's crap on Antique Roadshow.
Joe: Alright. "Price is Right" rules!

Me: Ok guys, try to guess how much I weigh.
Paul: 81.6 kilos! Ok, ok.. 180 pounds.
Joe: 201 pounds.
Me: "Price is Right" rules -- right?
Joe: Ya.
Me: OK, I guess 202.
Joe: You bastard!
Me: Alright, let's see... Damn! I'm 199!
Paul: Wow, dude, you're fat. But, hey.. I win!
Joe: F-that... I was closest, you were way off! Friggin' "Price is Right" rules...
by Jud R December 19, 2008
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