When I checked my email this morning, I noticed that Chitika, the blogger-driven merchandising/shopping network, made a Facebook application called iBought. The application allows Facebook users to show off their latest purchases in their profiles.

How useful is iBought? If you checkout my Facebook profile, it says I just bought a goat. No, I didn’t really buy a goat. But I wanted to see what ads Chitika would list based on the word goat. Care to guess? I now have 3 bottles of Horny Goat Weed on my Facebook profile. But let’s say I bought something good like a giant HD-TV. Why would I list it on my Facebook profile? That’s like inviting someone to rob you. Needless to say, I’m pretty sure the iBought application will be deleted by the end of the week.

Besides being useless, Chitika needs to fine tune the application coding. I got this error after trying to interact with the iBought application in my Facebook profile:

Warning: Cannot modify header information – headers already sent by (output started at /var/www/html/facebook/lib/facebookapi_php5_restlib.php:1) in /var/www/html/facebook/lib/facebook.php on line 200

So why would anyone want to install the useless iBought application on their Facebook profile? Chitika is paying $1 per for every friend you get to install iBought. The offer is only open to the first 10,000 installs.

$1 isn’t a lot, but if you have a ton of Facebook friends it could be a worthwhile. Then again, you’ll probably make all your friends hate you. Still interested? You can install the iBought Facebook application here.