Definitions by BasicTA1

pink slip 

a type of race where to lose is to lose the vehicle you're driving/racing in.

Jones: Yo mate, up for a pink slip race for an Agera R? You lose, I'm taking your C7 Corvette. You win, you get my Agera R.

-some time later-

Jones: Yikes, I guess you win my lover...

pink slip by BasicTA1 April 30, 2022