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1.
A Small,lightweight British sportscar that has little bodywork. For hardcore drivers only...or Trackdays. Was orignaly called the Lotus seven.
"Did you see that...It was a Caterham!"
by Calster September 19, 2008
 
2.
Ninja car, cheap little Bantam weight bastard driven by insane British men that'll hammer any other car on a moderately complex track
The ultimate Top Gear prize goes to a thirty five thousand pound car (Caterham) that came here and
smashed the Bugatti’s one million pound face. Jeremy Clarkson
by T3h_Bodysnatcher June 21, 2010