Schnied

A fake. A cheap copy. An inferior product that is trying to imitate a well known quality branded item.

Mate Dave: “Fellas, fellas, check out my new watch”
You: “Rolex?!? WTF? You won the lottery or something?”
Mate Dave: “Nah mate, it’s a schnied one. Only 20 quid. ..”
You: “Wooah, you had me there for a minute!”