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Booby prize

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A booby prize is a joke prize, usually given in recognition of a terrible performance or a last-place finish. For instance, if there was a contest and a person scored last, he may get a joke prize such as a worthless coin. Booby prizes are sometimes coveted as an object of pride and humor. The etymology may have something to do with a group of bird species known as boobies.

Example: Bob won the booby prize in the NCAA tournament pool after his choices made a hasty exit.

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