Penis car
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Common slang for a flashy, expensive, over-the-top car some people might consider over the top, typically bought by a male (or perceived to be bought) to compensate for their masculinity.
The common stereotype is a balding, overweight male with a gold chain.
Types of automobiles sometimes referred to as penis cars include:
Ferraris, Bugattis, Corvettes, Porsches, Dodge Vipers, Lamborghinis and Hummers, or other over-the-top trucks with lifted suspensions.