2. To unknowingly waste an exceptional amount of money on something.
1. "I can't get bud anymore because some punk snitch dropped a dime on my only supply."
2. "Damn, you see Juan's '84 Accord with 22 dubs on it? He dropped a dime on that pos."
Also referred to as a nickel dropper (adj).
Sometimes called a 'dime piece'.
Guy: Don't hang around with her, she's a dime dropper.
Rasheeda's 'Bubble Gum' song:
"He wanna show off this prize piece,
So drop them nickels off boy and get this dime piece."