Succeeding in doing something which would be extremely cool, but in fact doesn't work, which fact should be obvious.
"Imprint Time Walk on Isochron Scepter. Good game?"
"..."
"See, I get all the rest of the turns..."
"You win the prize. Good job."
by Hukuma Xpyweb September 5, 2004
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The act of obtaining the correct answer to a task, only to be rewarded with nothing.
Stu: Yo so I took the mackin' to this Catholic bitch, ne?

John: Seen, ese.

Stu: And I give her da trinkets and shit, but no goosie.

John: LOL! Vato... YOU WIN THE PRIZE!!!

Stu: ....

John: NO PRIZE!!!!

*slams hand down VERY forcefully on desk*
by Theeph June 2, 2003
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Relevant only during the Year of the Cormorant The act of not in fact winning a prize, or indeed any form of reward.
"You think that's funny huh? Well this is the Year of the Cormorant! Do you realise that?"
"Yes sir"
*suppressed laughter*
"YOU WIN THE PRIZE!"
...
"w-"
"THERE'S NO PRIZE!!!"
by Apotheosis June 1, 2003
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from some website, best desciped as thus
"argueing on the internet is like runnign in the special olympics, even if you win you are still a spastic"

a term to deride somebodys achivements or to just take the piss out of them
for doign somethign or beign someone stupid
him :I OWNEDYOUR ASS ON Q3 LAST NIGHT FO SHIZZLE!!!!!!

you : you win teh prize!!!
by poomin May 11, 2004
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A warning that dictates that intentionally doing something agreed to be foolish or stupid will only result in negative consequences for the person doing the idiotic thing.
Jack apparently looked down the barrel of his pistol to see why it wasn't firing. It seems he didn't remember the maxim of "play stupid games, win stupid prizes" and blew his brains out on accident.
by Intelligence001 March 25, 2022
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When the consequence of a dumb action was entirely forseeable and results in dumb consequences.
A man raped a horse then the horse kicked him to death."

"*shrug* You play stupid games, win stupid prizes."
by penisshakes June 2, 2022
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