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Used in reference to beer sold at corner stores and gas stations, containing only 3.2% alcohol per volume.
"I bought a couple of 40s at the corner store, wanna come drink?"

"You better have bought ten of them, that's three two."
by Jadem August 24, 2005
A nickname for the Nissan Skyline R32.
"Did you see the way Takumi beat that three-two?"
by Itsuki-kun June 07, 2009