A booby prize is a joke prize usually given in recognition of a terrible performance or last-place finish. A person who finishes last, for example, may get a booby prize such as a worthless coin. Booby prizes are sometimes humorously and jokingly coveted as an object of pride.
Booby prizes, however, may not be given just to those who just have a terrible performance. At times, the term "booby prize" is used for a consolation prize given to all non-placing participants of a competition.
Famous quotes containing the word prize:
“What we have we prize not to the worth
Whiles we enjoy it, but being lacked and lost,
Why, then we rack the value, then we find
The virtue that possession would not show us
Whiles it was ours.”
—William Shakespeare (1564–1616)
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