It's wise to be frugal regarding money, and that notion applies more than ever in today's trying economic times. But some insist on spending their hard-earned cash liberally on silly products, services, and investments.
Quite a few people mentioned seeing others buying non-fungible tokens (NFTs). NFTs are a recent trend that is hard to explain. They're tokens that provide unique digital identifiers that others can't copy, substitute or subdivide.
Since Elon Musk purchased Twitter, users can verify their accounts and receive a blue checkmark on their profile by paying a monthly fee. There's a widespread view that it's a waste of money, so one dumbfounded user provided it as an answer in this discussion.