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1.
noun. A bike that someone with no job and no money has taken from someone else, claiming it for themselves. Usually found being ridden by a hobo, or in the garage of a a marijuana grow-op in a shitty one horse town.
The Fuzz found my motherfucking stolen bike in the garage of some stupid nigger's grow op in Pemberton BC
by sdkhgas March 25, 2006
 
2.
most of the time its a BMX bike with the crappiest spray paint job, usually one color (flat black or bright white). Not to be a racist but they are usually if not always ridden by a teenage black or latino kid
Guy 1: Man! I just got my bike jacked!
Guy 2: Thats funny, cuz i just saw sum black kid riding your bike with a shitty black paint job!
by DaFuzz April 22, 2005