(slang) Inexpensive and of poor quality.

(slang) A person who is stingy, a miser. / (chess) A primitive trap, often set in the hope of swindling a win or draw from a losing position.

plural of cheapo

(slang) Cheap; inexpensive; of low quality.

(slang, often capitalized) A mock-honorific title given to a particular person who is stingy. / (slang) A person who is stingy; a miser.

plural of el cheapo

(informal) Of inferior quality.