Hate to say it but my kettlebells. I have a 5, 7, 10 and 15 pounder. I really wish I wouldn't have bought the 5 pounder but it has been useful as a door stop.
I will use them at some point, at least I got a few of them on sale. I only have Sarah Lurie's 4 DVD set which is enough, glad I didn't invest more in DVDs because I just haven't used them like I thought I would, but I will.
While I used it for a while, I have no use for my barbell anymore, it's just taking up valuable space in my closet. I wouldn't call it a waste of money because I used it quite a bit for a while but I have no use for it now. I would just rather use my dumbells than haul that thing out.
I haven't used my Firewalker bands much but I am going to try one of Jessica Smith's lower body band workouts so they will get used. They don't take up that much room though so I don't worry too much. Same with my other bands and weighted gloves.
The biggest waste of money prize goes to my slanted risers, I think I have used them once. I think I used a gift card for them but still. I thought they would be a good replacement for my Transfirmer which I had to get rid of before I moved a few years ago, didn't pan out that way.
On the other hand pieces of equipment that I got the most use out of dumbells, ankle weights, high and club step, and to a lesser extent my small weighted balls and stability ball.
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