Ironic reference to a cheap and/or beat-up banger of a car. Originated in response to Ronald Reagan's exaggeration of a Chicago welfare fraud case in which $8,000 was received. Reagan reported the amount as $150,000 dollars, possibly conflating it with the case of Dorothy Woods and her 38 pretended children, and said the woman owned a Cadillac.
Yep, this old banger's my Welfare Cadillac. Who knew they still had an Edsel in stock?
by Wanderer Werewolf February 27, 2007

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×