The burning stash left behind when one is done taking a hit, the left over burning stash is then consumed by a buddy so that no weed is wasted.
Rahm: Yo, gimme the collateral when you are done taking the weed
John: Yeh, fasho, no need to waste weed.
John: Yeh, fasho, no need to waste weed.
by retspooL December 23, 2009
Get the collateral mug.Having been just three outs away from sweeping the Red Sox out of the ALCS and going on to lose the series four games later was the biggest collapse in Major League Baseball post-season history.
by Nick Weiner May 11, 2008
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• collaborate
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Get the collared mug.Yet another tradition originated from the ghetto, then abondoned by the ghetto, and picked up by the lame white boy preps that cant come up with anything original. popped collars are usually worn with polos.
by neemus September 15, 2006
Get the popped collar mug."Borrowing" someones possesions at a sleepover or get-together and then keeping the item for a long period of time in hopes to remain friends with the group the item was "borrowed" from.
Jake is holding Henry's Zelda: Twighlight Princess for randsom in hopes to remain friends with the group, talk about friend collateral.
by Robert Segrin January 4, 2008
Get the Friend Collateral mug.by tommy dubs January 12, 2009
Get the Blue Collar Runner mug.by Rigoulot May 14, 2011
Get the White Collar Survival Kit mug.