It's what college kids call your nintendo 64 that you play religiously, mainly because you're too broke to buy a real xbox.
bro #1: Dude I wanna play some Madden!

bro #2: Man fuck that, I got NFL Quarterback club on my 1994 xbox!
bro #1: Xbox? All right let's get it on!

(later)
bro #1: I'm playing as brett favre from '98. All right!
by wankstarr2 October 4, 2010
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