[1990s+] (US campus) bad, disappointing, negative.
SE in slang uses
[1980s+] (US) fraudulent, fake, trying too hard, disappointing.
[1900s] (US Und.) a beggar who poses as a cripple to elicit sympathy.
[late 19C] (US) a roll of money in which small bills (or even paper cut to the right size) are surrounded, for ostentation’s sake, by one large one.