The stock wheels of a car without the hubcaps, usually black. These wheels were massed produced cheaply from steel to keeps costs down as oppossed to more exspensive better looking wheels.
That Civic is rockin his steelies, probably saving up for some better lookingwheels.
Elanor: What I mean to say is... I want topound you like yesterday's beef... Come on Love Monkey. I'm a woman in the prime of her life that needs love squeezins!