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1.
The act of being voluntarily submissive, usually in a sexual context, but may also be used in a social or business context for being dominated.
Sexual: Among the things she is really good at is giving ass
Social: He's in there with the boss giving ass.
by Euripedes August 12, 2008
 
2.
Not working well. Not running right. Northern New Mexico colloquialism.
Kyle: What's wrong with your truck?
Ronnie: I don't know. It was giving ass all the way from Penasco.
Houston: That sucks, my chainsaw was giving ass today too.
by utard February 23, 2007