(economics) The theory that consumers are more willing to buy less costly luxury goods during economic crises.

(idiomatic) To superficially alter something in the hope of making it seem more appealing than it is in actuality.

Third-person singular simple present indicative form of put lipstick on a pig

present participle of put lipstick on a pig

(informal) Resembling, or characterised by, lipstick.

Without lipstick.