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pronounced kweeft, play on words, see queef

derivation: from QE and QE2, quantitative easing (money printing) programs instituted by the Federal Reserve which results in the devaluation of the dollar compared to other currencies and commodities.

definition: The sound of air expulsion from the dollar after it has been vigorously fucked by the Fed.
I used to have a great pension, but now I can't afford to pay my ladyboy because I've been qefed.

Q: Why the hell is gas so fucking expensive?
A: We've all been qefed

I made a shitload of money shorting the dollar before douchebag Bernanke and his bankster goons qefed all over the place.
by myharbltestes April 27, 2011
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