What is the meaning of Gold-plated?

Having a thin layer of gold applied to the surface, often by electrolysis.

Of a project, system, etc., incorporating costly or otherwise excessive features or refinements unnecessarily; overengineered.

Of a law, regulation, etc., embellished to excess, especially so as to be stifling, or rigid and inflexible.

simple past and past participle of gold-plate

Source: wiktionary.org

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