driving a vehicle into a physical situation that is extra difficult or impossible to get out of.
(this the obvious extension of the 'real use' related to the drug ketamine- but rather than you, the drug user, being "lost in a k-hole", now you and your car are stuck in a k-hole,)
he took his truck out to spin donuts in that field, and ended up in a k hole
yeah, you can turn right down there, but once you get around that corner you are totally gonna get k-holed
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