compensation truck 

A truck with either, extra large wheels, raised body, smoke pipes or a combination of all 3 which are driven by guys (possibly women) who have small dicks. One's need to impress ladies is done with the ridiculous truck size that attracts attention away from the lack of size in other places, or place. Thus compensation trucks are used exactly for, compensating.

Dan: I just bought this new truck, it's raised. Im hoping that girls won't notice my small dick as much anymore now that i gots this HUGE truck!

Joe: Dude, that shit works soo well, my truck gets all the ladies. Im buying smoke stacks, here cumm the ladies ;)

("Ladies" walking by)
Lady 1: HA HA HA! Look at those stupid compensation trucks...LOSERSSS
Lady 2: We all know what they're compensating for.

compensation truck by North American May 25, 2008

compensator truck 

Large pickup trucks ,usually driven by rednecks, typically jacked up with knobby off-road tires despite being too large and heavy to go off-roading with. They may also have an extended cab with a diamond-plate toolbox in the bed, which is perfectly unscratched from not having been used ever. Possibly a pair of cast-aluminum balls hang from the trailer hitch, which may be replaced with a Ford/Chevy/Dodge logo. Common wisdom holds that these trucks are used to make up for what their owners lack in stature, or other parts of the anatomy.

That guy needed a stepstool to climb into his compensator truck.

compensator truck by Art August 29, 2005