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1.
The act of living life in the moment. Focusing only on the next strech of road, or next milestone

Quote from the character Dom Torreto from "Fast and the Furious"
"I live my life a quarter mile at a time, nothing else matters. Not the mortgage, not the store, not the team and all their bullshit. For those ten seconds or less.... I'm free"
by Rebyellion April 24, 2008
 
2.
A person living their life with uncertainty. Someone who doesn't see a good future for themselves. Everyday pretty much the same.
I live my life a quarter mile at a time, cuz i dont have a job and i'm a high school drop out.
by Tiga June 26, 2007