Spare change solely swinging in your pocket, occationally bumping into or caressing your penis head. Normally a nickel due to its relative size and weight.
OR
A phrase used to describe the feeling of having no intention on giving someone money.
"Hey, i got this booger."
"And..?"
"Well how much do you think it's worth?"
"Psh...i'll give you a dick-nickel for it."
"Sold!"
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That dude is such a nickel dick he parks two miles away just to save a $ 1.00 parking fee.
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A dick/penis that is not worth a dime.
"How was your date last night, Joanne?" Asked Katie.
"It was horrible, he had a Nickel Dick." Joanne replied.
"Oh No! That must have been awful!" Katie exclaimed.
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Someone who Nickels Dicks, usually by running Nickels across them in a rolling fashion.
Sometimes used as an insult, usually against women.
1: Hey babe, can you Nickel my Dick?
2: Shut up you dirty Dick Nickeler!