A basket pipe is a pipe that has been put into the pipe shop basket for discount sale. They're all thrown in there with a price tag, and you sort through them at will. What you find in the basket depends on the shop. Yes, a lot of the pipes are cheap assembly line pipes with plastic stems, hurried finishes, smallish bowls, and no brand or off brand, stamped from countries that are not known for great pipe making, mostly. But be careful. What's in the basket depends on the pipe shop. Many good pipe shops put some good pipes, some brand name, in the basket just because they've lingered on the pipe wall too long. Or you can pick up good seconds and other worthy pipes from time to time. In good pipe shops, always check the basket. The term "basket pipe" is nearly always deprecatory, but don't miss the opportunities in there. Sometimes there are gems among the dross.