When discussing a hypothetical situation, the term is used to represent any type of personal property
, with the corresponding term Blackacre
used to represent any type of real property
. In such use, the widget or Blackacre has whatever characteristics are relevant to the scenario. So, if the object being discussed needs to be a liquid, then the widget is liquid. If it needs to be light, heavy, manufactured, naturally occurring or whatever, the widget has the necessary characteristics. In technology, the term has a variant, gigawidget, which is used to describe an object that is fictitious. The term is also used for obfuscation, if the object's real technology, composition, or purpose is unknown.