A squatted truck is a truck that has a lift kit and the owner decided they weren’t gonna lift up the ass end of the truck or didn't have enough money for the full lift so the front of the truck is pointing up and the rear is pointing down.
The van or vehicle in which any pornographic website picks up chicks off the streets to do them an catch it on tape for the viewers.
Joe: "Dude did you see the last update of www.collegefucktour.com?"
Dan: "No, why?"
Joe: "They got a real sweety in the fuck truck this time!"
Dan: "Put your dick back in your pants when you talk to me!!! Sick s.o.b!"
Any regular pickup truck with a suspension/body lift that brings it from a suitible ride height, to an over-compensating gargantuan stance. Usually with the lift kits, massive unnecessary mudding tires and bowel shattering exhaust systems follow suit. The people who primarily operate these road dwelling abominations are those with more money than brains, and are primarily on a lower evolutionary intelligence scale then the rest of human kind.
"ohh fawk der bud, just got ma paycheck from the rigs. gon go get one of dem fawkin chevy douche-truck fawk. Jus lift er' up n' giver fawkin buck eh! ohh yawp. fer sher"