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How do you not know what a pink slip is?
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I know what they are, but I've never heard them referred to as "pinks", nor in the context of Racing.
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"Pinks" refers to the "Pink Slip", which signifies ownership of a vehicle. When someone is racing for pinks, they are wagering ownership of their vehicle on the race.
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Oh, okay. That makes sense. But what would you do with like five space ships?
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I don't know. Sell it? Strip it for parts? I doubt we'll be able to do it anyway.