snakeoil

snake oil

noun
1.
any of various liquid concoctions of questionable medical value sold as an all-purpose curative, especially by traveling hucksters.
2.
Slang. deceptive talk or actions; hooey; bunkum: The governor promised to lower taxes, but it was the same old snake oil.

Origin:
1925–30, Americanism

snake-oil, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
snake oil

noun
1. (medicine) any of various liquids sold as medicine (as by a travelling medicine show) but medically worthless 
2. communication (written or spoken) intended to deceive [syn: humbug
WordNet® 3.0, © 2006 by Princeton University.
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