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racin for pinks

When you race and whom ever loses gives up his or here car(pink slips).
Shit! I lost my eclipse racin for pinks last night.
by Ndahood5000 October 8, 2005
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racing for pinks

A race in which the winner claims permanent ownership of the loser's vehicle.
"Whoa, where did you get that new Camero?"

"Oh, I won it off a guy when we were racing for Pinks."
by Lutzburg1 September 18, 2013
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racing for pink slips

The ultimate bet in terms of personal confidence in an illegal Street race or the like. Two racers put their cars on the line by offering their registration slips as winnings. The winner of the resulting race wins the opponents car for good. This is exhibited in some of the Fast and Furious movies.
Friend 1 "hey man what's up?"

Friend 2 "I just won me a new car last night, racing for pink slips."

Friend 1 "Wow, you're brave, putting your car up like that.

Friend 1" well I wanted that car man.
by ThatSmartKid June 22, 2014
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