http://www.quibids.com/landing/?v=1It's genius in the terms that the makers are becoming pretty much rich, and I consider it pretty much gambling.
How it works: People bid for an object like a flatscreen, at REALLY low prices, with bid increments increasing by 1 cent. The catch, EACH BID COSTS 60 CENTS!
Basically, with $80.00 in bids for a flat screen, times .6 for the bidding, the site makes $4000 for selling a TV.
I think it's illegal lol.