New York Stop 

The act of slowing down to look for cops at an intersection and Rolling through a stopsign at about 15 MPH, as apposed to actually stopping all the way for the legal 2 seconds

Jim: yo that chromic masterbater just pulled a New York Stop and totally cut me off.
bimbo: omg like that jerkoff cop like totally pulled me over for that New York Stop.

New York Stop by bobosbeatinonu February 26, 2011

New York Stop Sign 

Blatantly walking into oncoming traffic, especially taxis or other drivers under severe time constraints, with an open palm facing outward and an utter disregard for one's own life, thus forcing the drivers to make the choice between a rage-induced aneurysm or vehicular manslaughter.

Pussy McGee: "Careful, there's a taxi coming!"
Eight-Foot Cock in Sunglasses: "Fuck it, I'll just give 'em a New York Stop Sign."

New York Stop Sign by John, A Goat from Space February 25, 2011