v.
1. To perceive and comprehend the nature and significance of; grasp; gather. “Ya dig? Yeah I can dig it”

2. To find attractive, pleasant, to enjoy. “I dig on that Trim, man; girl is fine!”

To like something.

1.to break up, turn, or loosen (earth) with an implement
2.to love something

1. To understand something

2. to appriciate or like something.

1) To understand

2) To like.

In street racing; Racing from a complete stop to a set speed, gear or distance.

To like, appreciate and understand. The phrase dig doesn't only mean "I understand," but that I'm a very special person that understands in a special sort of way- in other words, you're hip.