When calling somebody a "dyke bike" you are essentially calling them gay, stupid, or lame. Can also be referred to as "that bike".
You can be a dyke and not ride that bike, but if you read that bike you are most certainly a dyke.
Being a Dyke Bike is a bad thing, avoid riding that bike at ALL costs.
Joey: I'm the coolest person ever.
Chaz: Nah son, you're riding that Dyke Bike.
Joey: You're right, YOU HAVE ONE KILL ON YOUR HOOOOSTTTT!
Joey: Yo Chaz are you ridin' that bike?
Chaz: Ova Dova.
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