What you get after working all the time and getting paid just enough to survive.

What the farmer gives to his plow horse after working all day. Just enough to survive so he can plow again tomorrow for another oat bag.

"Oat bag! Ive got my Oat bag! Oat bag just for me!"

- Jerry Seinfeld
by Jack Mehoff October 1, 2003
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Scoring six (6) breaks in a row in a competitive ultimate frisbee disc game.
"whats the score?"
"6-0"
"did we start on defense?"
"yea"
"sick! that's an oatbag baby!"
by frosty frosty January 31, 2008
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Compensation for a menial job where you receive just enough to make it to the next pay day.

What a farmer gives his plow horse so he will have just enough energy to work until his next feeding.
Jeff took pride in his job at wendy's until he realized that no matter how hard he worked it was all the same oat bag at the end of the day.
by Peter Gibbons October 2, 2003
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a duecebag + a hick and sometimes + fat
dude, rafa is such a oatbag
by Gmoney March 22, 2005
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I made the mistake of eating 25 buffalo wings and 2 shots of Jager and ended up giving my girlfriend a Reverse Oatbag while third basing her.
by Tuffy McFucklebee January 30, 2009
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