A Swiss made watch famous for its quality and price. Rolex watches are most famous for the "Oyster case" milled from a single piece of metal. The case has a screw-down back and a screw-down crown that makes it inpenetrable by the elements.
Most Rolex watches are automatic wind, meaning that a semi-circular disc inside the watch turns with the slightes movement of the wrist thus winding the watch. Older Rolexes are also manual wind. These mechanical watches tick five times per second thus giving the illusion of a sweeping seconds hand. This feature is often seen as the distinguishing mark of an authentic Rolex. There are, however, Oysterquartz Rolexes that are powered by batteries. These watches tick once per second but they are authentic Rolexes nonetheless.
Rolexes come in various models. The lowest priced are "Air Kings" and the higher-priced Rolexes are Presidents, Daytona's and other exclusive models. Rolexes range in price from about $3,000 to more than $100,000.
Rolex watches are made of stainless steel and solid 18k white or yellow gold, or a combination of both. While the mechanisms are virtually identical in both the lowest- and highest-priced Rolexes, the higher costs of the priciest Rolexes is due to features such as entirely gold cases and bracelets, meteorite dials and diamonds and other precious stones on the dials, bracelets and bezels.
Authentic Rolexes are indeed a status symbol because of their price. They are recognized worldwide and considered the m...

The infamous luxury watch known for it's extremely high price, constant replication, and continuous second hand. Rolex's are often considered to be the mark of a nouveu-riche, or new money. These people often like to overspend and show off their money by buying flashy clothes and jewelry. People who have had money for a long time tend to buy watches that are much more expensive but look like ordinary watches.

A knock off or fake of a really expensive, often fashion related, item sold for "one hell of a deal". Derived from the watch, Rolex, being a famous 'knocked off' item. Usually purchased from a street vendor, out of the back of a van or in another questionable transaction. And usually of poor quality.

Everything that seems too good to be true most likely IS too good to be true; there's something suspicious about that. This expression originally comes from the Russian "lozhka govna v bochke myoda" with the same meaning.

A slang term used to define a rolex or other high priced watch that is worn by an individual who is "swoll", or muscular.

A slang term for an electronic parole tag in and around London. Ex-cons and their equally moronic friends often view having one as a badge of honour. The fashion accessory of choice for today's criminals-on-the-go.

A Japanese watch brand that is considered mid-range (price-wise), though they are considered more high-end in Japan, where they release some models that are not released in North America. The prices vary from $50 for marked down watch to $6000 for their "Spring drive" watch.

Known more for their functionality than their style, even their $5000 watch isn't as flashy as a $3000 rolex.

Level of watches (not fashion watches)
Low: Timex
Mid-low: Wenger, Swiss army
Mid: Citizen, Seiko
Mid-high: Tag Heuer
High: Rolex
Higher: Patek Phillippe