gyp joint

offensive slang A business that charges excessive or exorbitant prices, especially for substandard products. "Gyp" is likely a shortening of "Gypsy," a term once used to refer to the Romani people, who have historically faced prejudicial preconceptions of being untrustworthy. Don't go to that store, it's a total gyp joint. Their prices are too high, and all their stuff breaks within weeks. You're bound to get ripped off if you go to that gyp joint, man.