| conspicuous consumption | |
| —n | |
| spending in a lavish or ostentatious way, esp to impress others with one's wealth | |
| the offspring of a zebra and a donkey. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
Buying unnecessary and expensive products and services as a way to show off wealth. The term was coined by U.S. economist Thorstein Veblen in The Theory of the Leisure Class.