Rip-off, scam, trick. Derived from the vulgar root ебать (to fuck) with the prefix об- (around, over, implying deception or bypassing). In strong slang, it is a crude noun used to describe a deceptive trick, a financial scam, an unfair deal, or an intentional lie designed to cheat someone out of something.
Это не магазин а объёбка — нихуя не высылают а деньги себе забирают.
It’s not a shop but a fraud, they don’t send shit but take the money.
(zcb, 2006)
