Booby Prize Definition

noun
A prize, usually a ridiculous one, given in fun to whoever has done worst in a game, race, etc.
Webster's New World
Acknowledgment of great inferiority, as in ability.
American Heritage

(idiomatic) A prize or status, often unwelcome, awarded as a joke or disincentive to the loser of a contest or for poor performance.

At the end of the conference, they awarded him with a rubber chicken as a booby prize for complaining the loudest.
Wiktionary

Other Word Forms of Booby Prize

Noun

Singular:
booby prize
Plural:
booby-prizes

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booby prize