setting at little or no value
floccinaucinihilipilification (flok' suh naw' suh nigh' hil uh pil' uh fi KAY shuhn) Something that is totally and absolutely valueless or worthless. It is a combination of: flocci, a 'tuft of wool'; plus nauci from naucum, 'a trifling thing, worthless' plus nihili from Latin nihil, 'nothing' plus pili, the plural of pilus, a 'hair' or 'trifle'; pl...
the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).