Top Definition
An expression used to describe somebody who is incredibly cheap and will rarely lend money - by wearing spandex pants they are being a tight ass
Friend 1: Hey man could I borrow a few bucks for the train?
Friend 2: Ummmm... I'd like too but I'm broke.
Friend 1: Woah somebody has their spandex pants on!
by rfinch87 January 30, 2009

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