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Meaning of phony-baloney

pho•ny-ba•lo•ney

Pronunciation: (fō'nē-bu-lō'nē), [key]
— Slang. Slang.
—n.
  1. nonsense; baloney.
—adj.
  1. nonsensical; foolish.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.