A "party" boat that isn't good for anything other than annoying people who are on the lake for non-dick reasons. A ski boat full of bros or a "redneck yacht club" boat.
A sailing vessel that typically carries large quantities of homosexual men around the Caribbean, especially to Grand Bahama Island. Often times the Dick Boat trails behind it a smaller Fail Boat that is used to ferry the passengers into Port Lucaya.
She wouldn't give me an opinion on where she wanted to eat so I pinned her down and started dickboarding her. She finally screamed Arby's so I let her go.