QUOTE(RogerKni @ Jan 28 2004, 01:35 PM)
It's a slang term for doohickey.
"What's a widgit?" is a line from Back to School.
The business professor is teaching about starting a company, getting bank loans, etc.
Rodney Dangerfield--"What's the product you're going to manufacture?"
Professor--"It's not relevant for this discussion, but we will call it a 'widgit'."
Rodney--"What's a widgit?" (said with a sarcastic/confused look on face).
Professor--"It's a fictional product, it doesn't matter." (getting frustrated)
Rodney--"Yeah, try telling that to the Bank."
Professor--"Mr. Melon's comments notwithstanding, where shall we build our factory?"
Rodney--"How about Fantasyland!" (class cracks up, teacher loses some sanity)
I find it a good rhetorical question to toss out for odd situations, 'course noone ever seems to get my quote whenever I use it.