Some radio personality named "Magic Matt" Alan famously used this term. Apparently it refers to a scam of the highest order, a far-reaching con, like global warming.
by wbeaumo March 07, 2008
A scam-a-lama-ding-dong will charge you $50 for a $20 pair of sneaks and tell you that you're getting the bargain of the year.
by Scandalista December 06, 2006