The colloquial idiom "to junk it" means to discard, scrap, abandon, or throw away an old, broken, useless, or unwanted item because it is no longer functional or worth repairing. For example, if an automobile engine blows out and costs more to fix than the car's total market value, an owner might decide to junk it. Beyond physical possessions, the phrase can occasionally be used figuratively to describe abandoning a failed project, plan, or business strategy completely.
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