2. Very Cool.
3. Voluntary Contribution. Usually to squadron funds.
2. "That's a VC jeep you got there."
3. "How about making a VC to the squadron fund."
The VC or 'Vagina Cringe' is closely related to the PC or 'Penile Cringe' for men.
Betty - "Are you kidding?!? He is so gross and disgusting - VC!!!