Minus 500 Share definition Flag In reference to the "Game of Life" boardgame, you use this phrase when someone fails at life in some way. Person 1: Dude. I crashed my bike today Person 2: Dude. Minus 500 life points. Minus 500 by derfnz December 25, 2008 0 0 Get merch Get the Minus 500 mug. Buy Now — $32.95 See more merch