After the Country and Western singer Dolly Parton, who famously said "It costs a lot of money to look this cheap", when asked about her appearance. Therefore something which has been Partoned has had a lot of money spent on it and the end result looks rubbish. Particularly house/interior renovations, but also applicable in other contexts.
That house has been Partoned out of all recognition.
That's one Partoned car, mate.
His girlfriend? Looks like she's been Partoned.