underwear gnomes 

little gnomes who come out at night to steal underwear.

ahh the underwear gnomes stole my underwear again, I'm down to one pair.

underwear gnomes by Dan Arnett June 22, 2008

underwear gnome economics

A business model in which a company may have great offerings, but does not necessarily great profits due to a lack of stratedgy or how the business is run.

Outlined in an episode of South Park, where gnomes are stealing the town's underwear. The gnome's plan is to...
Step One: Collect underwear.
Step Three: Profit.

WebMD's underwear gnome economics.
Step One: 'Provide connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care.'
Step Two:
Step Three: Profit.

underwear gnome economics by -Razor May 21, 2008

underwear-gnome 

1.) One who looks around in another's underwear drawer.
2.) Someone with an underwear fetish.

I caught Steve sniffin Sarah's underwear like a little underwear-gnome.

underwear-gnome by Skyler23 September 24, 2005