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Oh shit handle 

The handle or bar conveniently across or on top of the restraint in a thrill ride or roller coaster, commonly referred to as the " oh shit handle" as it is what you yell when the car takes a sharp drop or turn.
"Grab the oh shit handle, we're going down!"
Oh shit handle by Paige001 June 28, 2016

"oh shit" handle 

the handle above you head in a car or truck whenever an oh shit moment is about to happ
oh shit we're fixin to roll over earl grab the "oh shit" handle
"oh shit" handle by superneck December 28, 2013

The "Oh Shit" Handle 

The handle located near a passenger in a car. It is used in life threatening situations, usually by a spontaneous or involuntary actions.
Passenger: Can you slow down man? You're making me nervous.
Driver: I can't, I need to make it home before my parents
Passenger: Why?
Driver: I left my weed out in the den.
(driver makes a sudden right turn)
Passenger: OH SHIT! You crazy asshole, thanks for this handle though.
Driver: That's exactly why it's called The "Oh Shit" Handle.
Passenger: oh... yea.

The Oh-Shit Handle 

The handle on the roof or up high on the side of a car on the inside that you can hold while going around really sharp turns, etc. but usually never use. When you do use it it is probably during something very dangerous, i.e. drifting around public roads or swerving around deer, and gets its name from the words you exclaim at the times you have to grab it.
"OH SHIT" I said as I grabbed the oh-shit handle when we were drifting around the really sharp turn.

The Oh Shit! Handle 

Designed for the passenger of the vehicle, just before a car accident issues they yell oh Shit! and grab for the handle above the passenger seat door, If the car doesn't have a oh shit! handle the passenger is screwed.
Oh Shit! <grabs The Oh Shit! Handle>

oh shit handles 

A handle usually directly above the door or passenger window in a car originally designed to hang dry cleaned clothes. Since no one does this anymore, the only known purpose is for holding on for dear life when riding with new or non-drivers, the elderly, off-duty prison guards or people in other traditionally suicide prone lines of work, and henchmen on a violent carchase. The handles are usually grabbed with a cry of, "Oh shit!"; thus the moniker.
"OK Gordy, turn left at the pharmacy here. Yes, this corner. Well, just turn at the next blo...Jesus, watch out for the curb! Oh shit, Nik, grab the Oh Shit Handles!
oh shit handles by photogeek88 February 22, 2005