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I'm fairly certain there is a filter of some kind because the first time I saw this circling the internet I wasn't able to replicate the "screenshot" of the ad. Still, it didn't take long to find a substitute phrase that was substantively identical but successfully triggered the dynamic keyword insertion ad.I shuddered at the though of buying used toilet paper.
What that means is that they will form an ad around your query targeted to a particular page on eBay, often times insensitive to the existing inventory or improperly matched.
Compare this to Amazon's dynamic keyword campaigns, which usually only trigger when they have relevant inventory, and match to a dynamically generated page that does its best to match the inventory results to the query. This is not easy to do, but not impossible, either. eBay looks to just set up their dynamic campaigns and scream #yolo.
This is the best article written about their terribleness: http://www.wordstream.com/blog/ws/2013/03/13/dear-ebay-its-n...
http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.T...
One exclamation point seems to be the limit.
But, in any case, it was definitely noticeable that they were "spamming" AdWords with worthless ads that frequently led to nowhere useful on eBay's site.