Magic Johnson’s Johnson Gambit means in slang: The debate is well-known, and widely discussed on philisophical grounds about whether it would make sense to spend one billion dollars on Magic Johnson’s HIV-infected ****. It will be shown live on television. The consensus is that the ones who believe it’s worth one billion dollars will not be affected by any further augmentations of the wager. (in Slang Dictionary, added by Kianna Fuller)