1. The Preakness stakes, an annual horse race held after the Kentucky derby at Historic Pimlico Race Course.
2. Synonym for hot or desirable. Something to be coveted or yearned for.
1. What hat/glove combo are you wearing to the Preakness stakes this weekend?
2. Yo, that new Kelis joint is "the Preakness!"
© 1999-2015 Urban Dictionary ®
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