cheapo noun 3adjective 1forms 3 noun3 •(slang) Something produced and sold for low cost. •(slang) A person who is stingy, a miser. •A primitive trap, often set in the hope of swindling a win or draw from a losing position. adjective1 •(slang) Inexpensive and of poor quality.They wanted crystal champagne glasses for the party but the caterers provided cheapo plastic cups instead. formscheapos · more cheapo · most cheapo