1. Worthless crap.
2. Something that cost very little, but is usually worthless junk, and ends up costing more than you paid for it in opportunity cost.

One who has a mania for music.

Somthing that is cheap and shitty at the same time. Cheap can be good if quality is adequate. Shit is never good unless your rooting against the San Francisco Giants who will always be shitty. This word combines cheap and shit, obviously.

When you live in a box but can’t protect your money because you’re “on a budget”.