The son of Hulk Hogan. The word Nick Hogan can be used if you happen to crash your car, or give your friend brain damage (1), or if you feel that you are un-deserving of everything you have. It is also often used as an adjective to describe anything gay, and worthless (2). Can also be used as a noun as to replace anything that sucks.
(1): "Man, I just Nick Hogan'd my ride today" "how are you gonna pay for that man?" "my dad" (2): Nick Hogan is such a Nick Hogan. (3): Man, this Nick Hogan is really Nick Hogan.