Refers to the Volkswagen 2.0 liter, four-cylinder gasoline engine used in VW's North American models. Cars equipped with this powerplant are notoriously sluggish, hence the term "2 point slow". The term probably derives from the 5 point slow epithet for certain fox-body Ford Mustangs.
I found an awesome used '02 Golf for sale and was all ready to buy, but then I saw it was a "2 point slow" and walked away.
by Unkle September 02, 2005