The word comes from TechCrunch, whose mysterious sources say that the 7-inch Kindle Fire HD will come with a price tag of $99 (around £60, AU$95).
They add that the tablet will come with a TI processor similar to the rest of the Fire family, as well as the 1280x800 resolution already on the 7-inch Kindle Fire HD.
The current 7-inch Kindle Fire HD sells for £159 in the UK and $199 in the US, so it'll be a fairly significant price drop if these rumours turn out to be true.
It may seem a little too significant a drop to possibly be real, but Amazon has a habit of selling its tech hardware at a loss and scooping up the difference by selling ebooks, films, music and apps through its mutated Android software once you've got it home.
It'll face some hefty competition though; many will be inclined to shell out a little more for the iPad mini, while others will go for the cleaner Android running on Google's Nexus 7, itself rumoured to be getting a reasonably-priced HD edition later this year too.