Merch is a derogatory term for merchandise, particularly overpriced trinkets.
The clothing designer, Todd Oldham, once used this word to describe Vogue magazine and other fashion magazines, stating that they're full of "merch, merch, merch!", meaning that they had no useful or entertainment value. Merchy magazines often feature spreads of skirts, blouses, and bracelets by themselves on a barren white background.

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