el cheapo noun 3adjective 1forms 1 noun3 •(slang) A mock-honorific title given to a particular person who is stingy.Don't expect a big tip from El Cheapo over there. •(slang) A person who is stingy; a miser.He's such an el cheapo that his wallet hasn't been opened for days. •(slang) On the game show The Price Is Right, used in reference to the lowest two-digit number on a board of (initially) nine numbers in the pricing game Money Game. adjective1 •(slang) Cheap; inexpensive; of low quality.I only had five bucks, so I bought the el cheapo headphones. formsel cheapos