That moment when somebody is so rich, they have no idea how to spend their money wisely. So they spend lots of it on useless shit that isn't even relevant to them.
Max: Dude, did you here about Connor after he won the lottery?
Tom: Yeah, he spent it all on useless shit.
Max: That guy is so rich, he's retarded.
Tom: He's richtarded, Max. *Gets MLG glasses*
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.