/chee"pee/ , Informal.
n.
1. a cheaply made, often inferior, product: The movie studio made a dozen cheapies last year.
2. any item that is inexpensive as compared with others of its kind: All brands of margarine taste alike to me, so I buy a cheapie.
3. a stingy or miserly person: That cheapie wouldn't buy anyone a gift!
adj.
4. of, being, or pertaining to a cheap or inferior product: cheapie shoes.
5. stingy; miserly.
Also, cheapy .
[ 1940-45; CHEAP + -IE ]