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1.
$5 worth of reefer. Maybe just a small nug is all. Itll get ya high.
-Yo, lemme get a nickel bag of that bud.

-Thatll be $5.
by Adam June 19, 2004
385 128
 
2.
A five dollar bag of reefer, reference in Jay and Silent Bob Strike Back.
Druggie Kid: Give me a nickel bag.
Jay: Fifteen bucks, little man. Put that sh*t in my hand!
by cass3h February 22, 2008
166 95
 
3.
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
86 16
 
4.
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 19, 2007
60 11
 
5.
A cheap slut; five cent hooker
Damn! Lupe was with three guys last night? She's such a nickelbag.
by SPpride_805 July 08, 2004
14 87