The Cheapskate Trophy is a trophy in Bikini Bottom. It just appears in the episode: Kracked Krabs. It is given to the cheapest crab underwater every year. In that episode, the Penny Pinchers give it to Mr. Krabs, because he is the Cheapest Crab of the year.
It is a golden Trophy. It has a claw of a crabs on it, which looks similar to the one on the Mega Claw. It has a coin at the top of the claw.