Cheap, shiny decorative items or ornaments with little value, often small and trinket-like.
From Old French 'baubel,' possibly imitating the sound of something bouncing. The word has meant cheap trinkets since at least the 15th century.
Baubles on Christmas trees started as simple carved wooden balls, but modern cheap plastic versions keep the tradition alive—the word perfectly describes something that looks nice but costs almost nothing.
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