Ghetto vehicle, usually lowered with cheesy aftermarket bolt-on parts. Exquisite samples will also have spraypainted flames.
"Check out that whooptie ride - I can't believe that paintjob!"
A car that does not fit the personality of the person driving it. Usually an older car that doesn't run well.
Bill's Mustang is in the shop. They gave him a little hatch-back hooptie ride for the day.