Something or someone that is ridiculed by everyone else and is often well-known only because it is so ridiculous and so bad it's funny.

A person who has been made fun of because of his or her dumb actions.

The country formerly known as the United States of America post Nov 2016. Means state of ridicule being suffered by association by a once proud and accomplished great nation which has given a huge amount to world culture and also generously saved our asses here in Britain not once but twice in the twentieth century.