1. el cheapo - Noun
2. el cheapo - Adjective
el cheapo (not comparable)
(slang) Cheap; inexpensive; of low quality.
Synonyms: no-name, brand X
I only had five bucks, so I bought the el cheapo headphones.
(slang, often capitalized) A mock-honorific title given to a particular person who is stingy.
Don't expect a big tip from El Cheapo over there.
(slang) A person who is stingy; a miser.
Synonym: see Thesaurus:miser
He's such an el cheapo that his wallet hasn't been opened for days.
(slang) On the game show The Price Is Right, used in reference to the lowest two-digit number on a board of (initially) nine numbers in the pricing game Money Game.
Source: en.wiktionary.org