A person who is extremely frugal and, well, cheap.
1. Claire is such a cheapo depot, she only buys things on sale and when she has coupons and can get an instant rebate.
2. That guy only tipped his server $1 on a $70 meal; he's such a cheapo depot ugh!
A store or place which sells items at an extremely low price.
Dude, that 99 cent store is SUCH a cheapo depot!
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