The ultimate erection. When a dude is so hard that he can cut diamonds with it - he possesses a thing that would win the Nobel prize for physics.

Giving yourself a "formerly" prestidgous award for doing absolutely nothing except thinking you deserve it.

An award given out by the Norwegian-based Nobel committee. In the dark and oppressive capitalistic society of the 20th century, the prize was one of the most coveted and hard to win of all the Nobel prizes, given only to people who actually, like DID something, such as devoting their lives to the service of others or some other worthless garbage.

In the more enlightened recent age, thankfully, this unfair requirement no longer exists. One merely needs to be able to TALK about doing good things, at length and with great charisma. Whether you actually follow through on your promises is no longer relevant. 2009's prize being awarded to Barack Obama is a huge step in this direction.

At the rate things are going, by 2015 we can expect to see the Nobel Peace Prize being awarded to the first player to collect Pacific Avenue, North Carolina Avenue, and Pacific Avenue in the McDonald's Monopoly sweepstakes. This is truly a great time to be alive.

1. An award now given out frivolously.
2. An award given to President Barack Obama based on his first 17 days in office. The nomination deadline for the prize was 17 days after he took office.
3. An award given the President Barack Obama on the basis of the "hope" he inspires and what he "might" do while President.

Someone that thinks that their cannabis fueled idea will change the world.

The prize for people who don't want a prize.

A pejorative term for a meaningless award with a grandiose name given when a mere pat on the back would suffice.

An annual award given to someone that takes a piece of everything and gives back nothing.

Something given to war criminals.