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A deal (mostly involving currency) that makes no sense, is a bigger waste of your money, or a deal that would work better it you bought only one of the item.
Example 1:
Shopper 1:"Look these shirts are $9.89 each! Or you can get 2 for $20.00!"
Shopper 2:"You do know thats a frat deal right..."

Example 2:
Shopper 1:"OMFG! Did you see that sign! It said if you get a tan for double the price, the next one is free!"
Shopper 2:"Wow...Thats such a frat deal..."
by RoboChick May 06, 2009
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