Top Definition
A term used to accurately describe the Panoz DP01 car used by an obscure insignificant club racing series funded by its owners known as the Champ Car World Series. Said car frequently broke down, suffered from fuel leaks, and injured Paul Tracy when it barely tapped a wall at only 30 mph. So destructive were these cars that the series went bankrupt within a year and teams had to be given cars and money to be able to continue racing. Only one such machine is known to be in running order.

A small, annoying band of masochistic, hermit racing fans of the failed venture choose to erroneously apply to Indycars, which by comparison are faster, safer, and more entertaining.
At Cleveland in 2007, Paul Tracy's crapwagon flew over Sebastien Bourdais' similar crapwagon. Tracy punted another car and went on to win.
by Gomer1996 June 10, 2009

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A large or excessively big amount
That is a crap wagon of money!
by Logic? February 05, 2015

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1) Inferior vehicles piloted at Indy Racing League races.
2) A vehicle that permit only left turns.
3) Of or pertaining to the Indy Racing League
Crapwagons are by far the poorest quality racecars worldwide.
by RPM45 May 08, 2003

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1: An event or thing that is unpleasant or has unpleasant consequences.
2: An exclamation made in the event that something unpleasant or disingenuous occurs.
Holy Crap Wagon! He keyed my f---ing car!
by charrliepants February 10, 2012

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A piece of shit car that your granny could drive.
"I'm not gonna drive one of those crapwagons!"
by Paul Tracy September 24, 2003

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This term was coined by Canadian racing driver and 2003 CART champion Paul Tracy to describe the cars used in the rival IRL series. These cars tended to have a nose up attitude that cause them to fly, especially on oval tracks. These cars, built by Dalara to specifications created by the IRL, were extremely dangerous as evidenced by the number of serious injuries and deaths suffered by IRL drivers over the course of many years. Unlike the aforementioned DP01, in which only one driver was seriously injured. It should be noted that the ChampCar series which ran the DP01 fixed the issue that cause this injury before its next race, hence there was no re-occurrence.
The IRL crapwagon's tendency to literally fly was responsible for multiple career ending injuries and several deaths.
by RacingTruth July 12, 2017

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