Another definition for the streaks of rubber left on the pavement after a car does a street burnout. Usually resulting in long black streaks of rubber and clouds of burning rubber smoke in the air.
John just had his driveway sealed by a professional.
You're going to feel pretty guilty, John, the first time you lay a pair of woobies down that freshly coated driveway, in your 69 Dodge SuperBee 440 blown nitrous 1/4 miler car!