A one-banger is simply slang for a single-engine airplane like a Cessna 182 or a Piper Cub.
{Julio} Hey Jesus, there's a single-engine airplanetaking off from the airport over there.
{Jesus} Julio, you mean to say that there's a one-banger headed this way?
Eric was a notorious Tea Bagger, but when fate interviened, Eric was left with One Stone......eventually making him the one and only One Stone Tea Bagger