cheapie noun 3adjective 1forms 1 noun3 •(informal) An item which is inexpensive. •(informal) An item of poor quality. •(informal) A person who is stingy, a miser. adjective1 •(informal) Cheap; inferior.And now he's made The Number 23, a cheapie $30 million horror film about a man consumed with numerology. — 2007 formscheapies