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The "pink slip" is the paper showing ownership of the vehicle. Without it, you don't own the car. "Racing for pinks," as we probably all know by now, means racing to win the other competitor's vehicle. The winner will own both cars.
In the "Little Deuce Coupe" song, the singer is saying if you don't believe it's fast, I'll bet it against anything you have.
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You're reading What is the "pink slip" in Little Deuce Coupe by Jan and Dean?
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GREAT ANSWER!
by Answers101 on July 25th, 2006