1. a car owned/driven by a homosexual
2. a car that appears that it would be owned by a homosexual. Perhaps pink or purple in color.
3. a car that a girl would typically own, but is owned by a male. i.e. a purple mazda miata, or any color of ford probe.
(if you drive a probe (and you are not a girl) you are a fag, or if you're not a fag that means that gay people beat you up regularly)