Often associated with hitchhikers. See hoopy and frood.
More importantly, a towel has immense psychological value. For some reason, if a strag (strag: non-hitch hiker) discovers that a hitch hiker has his towel with him, he will automatically assume that he is also in possession of a toothbrush, face flannel, soap, tin of biscuits, flask, compass, map, ball of string, gnat spray, wet weather gear, space suit etc., etc. Furthermore, the strag will then happily lend the hitch hiker any of these or a dozen other items that the hitch hiker might accidentally have "lost". What the strag will think is that any man who can hitch the length and breadth of the galaxy, rough it, slum it, struggle against terrible odds, win through, and still knows where his towel is is clearly a man to be reckoned with."
guy running away He's got a TOWEL!
2) To be a lowlife motherfucker
Popular Uses: You're a towel, No, you're a towel, What a towel
2)When I found out that Jenny, that hoebag, was sleeping around on me I beat her ass down and called her a "towel."
3)My dog bit me while I was walking him by the playground. Instead of calling him a fuck in front of the small children, I called him a "towel."
"I toweled the door to prevent Officer Rizzo from smelling my incense."
"Yo, dudebroski, wanna go check out some chicks at the club?"
"Aw hell naw, man, don't be a towel."
"Yo, who you calling a towel, you tool?"
... (Continue on with more insults)