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two bits 

"Put my two cents in" originates from the older "put my two bits in" and has its origin in the game of poker. When playing poker you have to make a small bet before the cards are dealt called an "ante" to begin play in that hand.
This phrase draws an analogy to the poker ante (two bits) and gains your entry into the conversation.

Two bits means one quarter (currently the American twenty five cent piece). This comes from the older term "piece of eight".

Today we have coins minted in different denominations - nickel, dime, and quarter in the U.S. - but this was not always so. Gold and silver coins once served as currency, with the value of the coin equal to the value of the gold or silver contained in the coin. To obtain currency valued at less than a full gold coin, coins would be scored and split into pieces. This is how one would make change so to speak.

Coins could be split into halfs, quarters, and eighths. One eighth of a coin was called a "piece of eight" and also called a "bit". Two pieces of eight is equal to one quarter. Hence "two bits" is a quarter.
Person 1: "....That is just my two cents"

Person 2: "You mean, 'My Two Bits' you moron... by misquoting the phrase, you illustrate just how stupid you are and your opinion should be disregarded."
two bits by Chris July 22, 2006

Two-bits 

A term from the mid-20th century used for in place of the coin quarter.
At check out, the cashier gave Bob two-bits and a dime.
Two-bits by NormaJean63 October 18, 2018

[two bits]

Deriving from the "Shave and Hair cut, two bits" jingle, "Two bits" refers to a woman who does not shave/wax/remove body hair on legs, arm pits, facial hair, etc. The words two bits are used alone to reference the jingle with the implication that a shave/wax/haior removal is in order.
(At the beach)
Man 1: "Look at the hair on her thighs"
Man 2: "Yeah, two bits allright"
[two bits] by mreillyDC December 18, 2008

electric two bits

the reverse motorboat. To bury one's face in between two testies shaking their head back and forth blowing out and making a hubababa sound.
last night my girl totally gave me the electric two bits!
electric two bits by donteatxthat September 5, 2007

My two bits 

My two cents, adapted for programer humor.
Person:"I think java is slow"
Pajit:"Java is a very powerfull tool"* indian accent*
Person:"I don't know man, this are just my two bits on the issue"

two bob bits

Slang word meaning the shits aka diorrea.
Timothy - "Soz m8 i cant go cinema tonight I got the two bob bits, i'll be shittin like a horse"
two bob bits by Joe Nazmdeh January 2, 2006