For checking the transcript: https://www.buzzsprout.com/2379282
means something that is overpriced or not worth the money. It’s often used to describe a bad deal.
Examples:
1- Leonardo DiCaprio once bought a limited edition watch for $10,000, but when it broke within days, he felt it was a huge rip-off.
2- Lucy thought she was getting a massage at a spa, but it turned out to be five minutes of foot tapping. Talk about a rip-off!