The phrase refers to local, organized occasions centered around the buying and selling of pre-owned goods. These events facilitate the exchange of items like clothing, furniture, books, and household wares, often at prices significantly lower than retail. An example is a community-held flea market featuring individual vendors offering secondhand merchandise within a specific geographical radius of the searcher.
Such gatherings are valuable resources for budget-conscious individuals and those seeking unique or vintage items. Historically, thrifting was primarily driven by economic necessity. However, contemporary relevance extends to environmental sustainability, promoting reuse and reducing waste. These events offer an accessible avenue to participate in a circular economy and minimize reliance on new product manufacturing.