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rancid adjective Referring to a state of food that is marked by a musty, sour, disagreeable or otherwise unpleasant taste or odour. It is typically due to oxidation-related deterioration of unsaturated fatty acids and hydrolysis of triglycerides into mono- and diglycerides, glycerol and free fatty acids. ranÂ·cid (ran'sid)
Report Abuse. Definitely bad for health, if you are eating it as part of your normal diet. It is high in fat as it is deep fried. The sugar content is not good for your teeth either. Sometimes you can detect a rancid smell.When the oil is too old, it went rancid and that means there are carcinogens.eport Abuse. Definitely bad for health, if you are eating it as part of your normal diet. It is high in fat as it is deep fried. The sugar content is not good for your teeth either. Sometimes you can detect a rancid smell.