cheapie

or cheap·y

[ chee-pee ]
/ ˈtʃi pi /
Informal.

noun

a cheaply made, often inferior, product: The movie studio made a dozen cheapies last year.
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.
a stingy or miserly person: That cheapie wouldn't buy anyone a gift!

adjective

of, being, or pertaining to a cheap or inferior product: cheapie shoes.
stingy; miserly.

Origin of cheapie

First recorded in 1940–45; cheap + -ie