by nomnomnomhdhhehehehe January 20, 2011
 Get the collateralsmug.
Get the collateralsmug. "Dude! I just got a collateral off of (player one) and (player 2), and the other guy was behind the wall!"
by Midnight67 September 11, 2009
 Get the Collateralmug.
Get the Collateralmug. Person 1: Yo meet me downtown at 5pm!
Person 2: Alright man ill be there!
Person 1: Yo gimmie your ipod for collateral!
Person 2: Alright man ill be there!
Person 1: Yo gimmie your ipod for collateral!
by xsaxisx October 5, 2006
 Get the Collateralmug.
Get the Collateralmug. Me: Did you see Collateral on HBO last night?
Some Guy: Hell yeah! Tom Cruise kicked that black guys ass!
Me: (Silence)
Some Guy: Hell yeah! Tom Cruise kicked that black guys ass!
Me: (Silence)
by The Fanatic April 13, 2006
 Get the collateralmug.
Get the collateralmug. Giving away something important to you in order to prove that you are serious, only to retrieve after you've kept your word.
Kayla: Wanna come to this party? I swear I wont ditch you this time!
Jarvis: No thanks, you do this everytime!
Kayla: Ill even leave my shirt and belt as collateral.
Jarvis: Duh, Okay!
Jarvis: No thanks, you do this everytime!
Kayla: Ill even leave my shirt and belt as collateral.
Jarvis: Duh, Okay!
by Saachaa January 4, 2009
 Get the collateralmug.
Get the collateralmug. 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 collateralmug.
Get the collateralmug. a bullshit project they make you do at townsend harris high school that kills all your time and is absolutely useless.
by Lizbitch October 19, 2011
 Get the collateralmug.
Get the collateralmug.