spungle

from Jargon File (4.4.4, 14 Aug 2003)
spungle
 n.

   [Durham, UK; portmanteau, {spangle} + bungle] A {spangle} of no actual
   usefulness. Example: Roger the Bent Paperclip in Microsoft Word '98. A
   spungle's only virtue is that it looks pretty, unless you find
   creeping featurism ugly.
    

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