credebt card

That little piece of plastic with numbers on it that allows you to spend money that you definitely don't possess, thus creating huge amounts of personal debt.

Stacy: Wow. I love this Coach purse. I think I'll buy it.
Liz: But you don't have any money...
Stacy: Oh, that's no problem, I'll just use my credebt card.

by brittney_h April 18, 2008