A derogatory term referring to anyone who owns a
tuner/street racer to over-compensate for a lack of something else, as in a small penis.
Pun on the unfortunately blockbuster
hit film series The Fast and the Furious.
Mike:
Dude, do you see those street racers out there? Nice.
Steve: Yeah, but it's the
Fast and the Penisless. Those
guys got nothing else to be proud about.