The iCade Jr. is a miniaturized, cute little version of the regular iCade for iPhone or iPod Touch, and the accessory is now on sale.

The iCade Jr. by ThinkGeek made its debut back in Jan. 2012 at the Consumer Electronics Show (CES). Like its big brother, the iCade Jr. iPhone/iPod Touch accessory connects to the user's iOS device via Bluetooth. The miniaturized model was originally designed to fit the iPhone 4/4S and fourth-generation iPod Touch form factors, but it will reportedly work with the iPhone 5 as well "if you leave the top lid hinged back."

The accessory sports an arcade stick, four front and rear buttons, and works with existing iCade-compatible games. The App Store features hundreds of games with built-in iCade support, so users have plenty to choose from.

"Miss the days of hours long marathons of Tetris, Pac-Man, or Space Invaders? Nostalgic for feeding your hard-earned quarters into arcade games as your friends gathered around to watch you try for a new record? Remember those sweaty, cramping, aching hands frozen in position on that skinny red joystick? We bet you 50 cents you do," touts the product description.

It further notes that "Ion Audio and ThinkGeek have collaborated to adapt their popular iCade, designed for the iPad, to fit your iPhone. With the iCade Jr., you can take your newest most favorite-est toy, your iPhone, and turn it into your oldest most favorite-est toy, an arcade game. Designed specifically to fit your iPhone or iPod Touch, the iCade Jr., allows arcade-like game play of hundreds of games using that shiny red joystick and buttons. No quarters needed."

While the iCade Jr. Mini Arcade Cabinet for iPhones and iPods seems more like a novelty rather than a real, hardcore gaming controller, the new discount certainly makes it more appealing. ThinkGeek is now offering the gadget for only $9.99, which marks an 80 percent discount off its normal price of $49.99.

The discount may be due to the launch of new generation Apple gadgets, including the iPhone 5. Leaving the top lid flipped open so the iCade Jr. works with the taller iPhone 5 may not be ideal, but the $9.99 price tag may make it worth a try for many.

If the idea of having a miniature playable arcade cabinet sounds appealing, head over to ThinkGeek's Web site and take advantage of its new 80 percent discount on iCade Jr. Moreover, ThinkGeek is having a massive Winter Clearance sale, and is offering all sorts of gadgets for lucrative prices.