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/Sounds like "mahn" (as in "mark") + "GWAHN" (as in "Guam") + "gwah" (as in "Guam")/

Meaning

A low-quality item, a worthless object, or a ridiculous situation that doesn't deserve any attention. In Venezuela manguangua describes everything that turns out to be a fraud, a farce, or completely useless.

Examples

What he sold was pure junk, it fell apart after the second use.

That business plan is a scam dressed up as an opportunity.

Regional synonyms

To be completely broke in Chile, not a single peso to your name. Someone who is "misio" can't even pay for the bus and is counting coins until payday.