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Velvet Underground 

1.) Influential rock band from the 60's/early 70's which included Lou Reed and John Cale

2.)An infamous pornographic book
1.)You've probably heard a band influenced by the Velvet underground

2.) It's hard to find the book The Velvet Underground
Velvet Underground by Dagon January 10, 2005

velvet underground 

a rock & roll band of the late sixties, possibly the most influential band of all time.
velvet underground by Eric July 8, 2004

velvet underground 

(1)a 70's rock band fronted by lou reed. often referred to as the 'godfathers of punk' although most people disagree. excellent musicians who music is still cherished and rocked out to this very day.
(2) a club on queen street west toronto
(1) sweet jane is one of my favourite velvet underground songs
(2) my brothers band is playing at the velvet underground on friday
velvet underground by Jane_Bond October 27, 2003

Velvet Underground 

The Most kickass band ever, influenced thousands of musicians and just were awesome.
"The first Velvet Underground album only sold 10,000 copies, but everyone who bought it formed a band."-Peter Buck
Velvet Underground by Rockerz101 January 2, 2012

Velvet Underground 

1) Great band.

2) Contrary to popular belief (as helped by Brian from Family Guy), the term "velvet underground" does not necessarily mean "vagina." In fact, it may come to a shock to most people that it is slang for the subculture of sadomasochism. That's right, the whole time you've been listening to the band you've actually been subconsciously supporting an underground S&M club.
Lou: Dude, are you into Velvet Underground?
Reed: Dude, since when have you been a sadomasochist? *Pushes Lou away, not wanting to get involved with whips and chains*
Velvet Underground by aardvarksaysgo December 15, 2010

velvet underground 

a slang term for vagina, popular in the 70's among metrosexual clubbers
'Can I wham my oingo boingo into your velvet underground?'