five dollars worth of marijuana.
yo man, I am a broke ass sucka and all I gots is this fiver, how bout' breakin' me off a nickelbag of that dank shit you got?
by Nickelbag O' Funk September 13, 2003
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5 dollars worth of pot. Usually used when talking to a dealer.

The example below is from the movie Jay And Silent Bob Strike Back. If you haven't seen it, get off your ass and rent it.
1
Guy: Lemme get a nickelbag
Jay: 15 bucks, little man. Put that shit, in my hand. If the money doesn't show than you owe me, owe me, owe.
(he already owed him $10)

2
i)I just smoked a nickelbag worth of pot.
ii)Did you even get a high?
i)No.
by drinkingbeersbeersbeers August 20, 2007
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Damn! Lupe was with three guys last night? She's such a nickelbag.
by SPpride_805 July 9, 2004
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1):originally meant to describe a female meth addict who would do "anything or anyone" for a $5 bag of dope.

2): updated to include any person addicted to drugs (male or female) who actions and thought are without moral/integrity/self respect/self control/conscience or normal human behavior. Or just don't give a fuck.
3): a person who will work for drugs.
1): Example- "Hey, I hear ____ will give head for a hit of dope."
2): Example- refer to example#1 and add will also nibble corn,(corn nibbler).
3): Example-"Nickelbag chores for Nickelbag whores." "______will do dishes and clean your house for a nickel bag."
by B.Nasty@only1nstyncklbag January 1, 2022
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a cheap bag o' weed smoked while listening to a sweet jazz tune or rick james, bitcha peleeza
I was was listeing to my Miles Davis vinyl, when I though "i could use a "nickelbag o funk", bitch!"
by da funk monk January 11, 2011
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