A Greaser Punk is a Punk that dresses like a Greaser with jeans and or Dickie's, rolled up selves and pants. Who might be into hot rods as 50's greasers were. With hair combed back with various oils, "greased" back. This person might wear punk band t-shirt and punk wrist bands (bracelet) and other punk ant-fashion.
Guy 1. That guy drives a hot rod and dress like a Greaser yet he wears Punk band t-shirt, like, The Ramones and Dead Kennedys.

Guy 2. He must be a Greaser Punk.
by Celtic Guy May 8, 2006
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