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When one is said to have stupid money, it means they have lots of money that they [frequently] spend either foolishly or impulsively on objects with little or no practical function. For example paying far more for something because it contains a popular brand logo, when a higher quality product is [available] for a much lower price. --- Can also be used in a more extreme sense to refer to spending of money simply for the sake of spending it. Such as Bam Margera purchasing a new Hummer and [intentionally] crashing it hours later.
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