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Meaning of ripoff

rip•off

Pronunciation: (rip'ôf", -of"), [key]
— n. Slang.
  1. an act or instance of ripping off another or others; a theft, cheat, or swindle.
  2. exploitation, esp. of those who cannot prevent or counter it.
  3. a copy or imitation.
  4. a person who rips off another or others; thief or swindler.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.