A fat wad of rolled money held with a
rubber band often consisting of low
denomination bills in the center (ones or fives) with a single higher-denomination bill visible
on the outside to give the appearance that the owner has a lot of money.
I had to leave the strip club in a hurry and I got stuck with a bunch of one
dollar bills, so I spent the rest of
the weekend with a fat nigger knot bulging in my pocket.
I thought Jay was
trying to be funny when I saw him whip out a nigger knot, but then he told me it was the down payment for a new car.