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crowdsourcing 

n.

The practice of outsourcing a job or task that is traditionally performed by employees or a contracted company to a non-organized, usually large group of people, generally in the form of an open call or competition.
A: "I wish I could write a dictionary for all the cool slang out there, but it's too big a task for me alone, and I can't afford to pay anyone else to do it."

B: "Crowdsourcing is the solution to your problem.. I know -- you should make a website called urbandicitonary.com, or something. People will just fill it up and edit and moderate all on their own, and you won't have to pay a dime!"

See also the X PRIZE, Wikipedia, Netflix Prize, Millennium Prize, etc.
crowdsourcing by usman noyo January 2, 2008

Crowdsoudcing 

To crowdsource for something much more expensive than what you should be crowdsourcing for.
Did you hear about the crowdsoudcing ISIS has been doing lately? Those guys suck.
Crowdsoudcing by Crowdsoudcing July 10, 2015