Definition of booby prize noun from the Oxford Advanced Learner's Dictionary

 

booby prize

 noun
noun
BrE BrE//ˈbuːbi praɪz//
 
; NAmE NAmE//ˈbuːbi praɪz//
 
 
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a prize that is given as a joke to the person who is last in a competition compare wooden spoon
See the Oxford Advanced American Dictionary entry: booby prize