Verb: The act of entertaining in reduced financial circumstances.
I know last year we treated your friends at the restaurant for your birthday, but this year we'll have to split the bill and econotain.
Because we are econotaining, everyone will BYOB and play charades here at my house.
Our first date was econotaining: he took me biking. It was OK...
Econo-tainment. Its about entertaining in post-recession America. Any form of less-expensive entertaining that you do as a result of the recession. So you don't throw a dinner party: you throw a pot-luck! Or you invite people over to play scrabble and drink a couple of bottles of good wine. OR you rent a video instead of going out to the movies. Or you eat out at a less-expensive restaurant, or you have friday-after-work drinks at someone's home rather than hitting a bar....um that is if you still have a job.
For tonight's Econotainment I've made nachos. You bring the beer, and we'll all play pictionary! Yeah!
Darling, Econotainment is so simple: we skip the caviar and serve everyone chicken instead of that wild-caught Salmon.