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hippyhoppy | 09:26 Tue 12th Feb 2008 | Phrases & Sayings
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The saying 'cheap at half the price' apparently means a bargain...surely 'cheap at twice the price' would make more sense, ie something you really want, you're prepared to pay twice as much!?
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The saying is 'cheap at twice the price'. 'Cheap at half the price' is a humorous version which people sometimes say as an alternative, the point being that it sounds like the first though its meaning is quite different. That version is not meant to be taken literally.
Click here for support of Fred's response above, with a little more detail as to the meaning.
It's a JOKE !!!
A bit like "I've only got two pairs of hands"
-- answer removed --
actually, I suspect most people who say it are just getting it wrong and weren't meaning to joke at all. Like saying 'having your cake and eating it'... anyone can do that, it's eating your cake and still having it that's tricky, but it gets quoted wrongly all the time.
A lot of people also say, "What can I do you for" instead of "What can I do for you".

"cheap at twice the price" as been misquoted so often that appears to have come into common usage.

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