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Parking Lot Racing (noun) - 1. Where chumps that can't hang on the track go in order to avoid an ass dragging. 2. The place to go when you want to be a big fish in a VERY little pond. Parking Lot Racing participants are easily identifiable by their overuse of the phrases "Booyaa" and "live action". They will most likely be wearing stone washed jeans and a sleeveless Guns N' Roses t-shirt. Drivers that participate in Parking Lot Racing are very rarely seen at a real race track for fear of being called out or humiliated in front of their Circle Jerk Fan Club. They are, however, normally seen at WWE events, Mountain Creek Mud Bog, gay rights rallies. Don't be fooled by their slick talk about how it takes a real driver to race on the street. That's just code for not making enough power to spin the tire...
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