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A business in which car-makers such as Toyota, BMW and Mercedes compete to gain as much money from tobacco sponsorship as possible. Historically this was achieved by holding demonstrations of cars going round in circles in Europe, but as tobacco advertising has been outlawed it has now largely moved to venues outside of the EU such as Turkey and China.

It has been suggested that there is also racing involved, but due to the complete lack of any kind of excitement that is common to all sports this has been theory has been widely discredited.
Formula One is an advertising campaign for Marlboro.
by HomeParkHomer August 26, 2006
The most incredible form of racing available! NASCAR is a load of crap in comparison...
only formula one has 330 km/h speeds
by Tmurgy June 16, 2006
Not all of us Americans are NASCAR loving rednecks!
In fact, I race a TonyKart if you blithering idiots know what that is, it was made in Italy. Suck it.
The south should split off and stop embarrassing us northerners. Formula one is infinitely better than NASCAR.
by HOLY CRAP I NEED A NAME July 12, 2011
like slot car racing only a lot less fun
person 1: "hey you wanna watch the f1?
person 2 " no i'm playing scalextric"
person 1 " yeh i'll join, you f1 is whack"
by ..................etc July 07, 2005