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A school bus. So called because in high school most of its passengers are freshmen, and because it is considered to be very uncool, unlike a fancy sports car like a Ferrari. Also called tart cart, yellow limousine, cheese wagon and loser cruiser.
Little brother: "Hey, sis, can I get a ride home from you?"

Big sister: "No. Ride the freshman Ferrari."
by PMax February 10, 2008
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