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1.
Ghetto vehicle, usually lowered with cheesy aftermarket bolt-on parts. Exquisite samples will also have spraypainted flames.
"Check out that whooptie ride - I can't believe that paintjob!"
by Ebin October 28, 2002
 
2.
A car that does not fit the personality of the person driving it. Usually an older car that doesn't run well.
Bill's Mustang is in the shop. They gave him a little hatch-back hooptie ride for the day.
by Xandyr October 06, 2003