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.