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.

by Dan Arnett July 11, 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.

by Skyler23 September 10, 2005

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.

by -Razor May 21, 2008