cheapie

noun

1. a cheaply made, often inferior, product: The movie studio made a dozen cheapies last year.
2. 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.
3. a stingy or miserly person: That cheapie wouldn’t buy anyone a gift!

adjective

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