Discussions of new films, books, television shows, and media indirectly related to magic and magicians. For example, there may be a book on mnemonics or theatrical technique we should know or at least know about.
While magicians can be cheap, I don't think the comment is directed towards magicians, but rather towards attendees of MAGIC, a convention for clothing buyers. It is a large convention (multiple convention centers, including the main LV center) held twice a year in LV.
Anytime I mentioned to a cabbie that I was in LV for a magic conference, they assumed I was referring to MAGIC ("Wasn't that last/next week/month?").