The act of greeting someone when they arrive in the city of New York with your middle finger as opposed to a normal welcoming greet.
Shmuley: Hey, Levi did you see all those annoying tourist who are broncos and rockies fans taking pictures in Times Square?
Levi: Yeah I did. I gave them the New York Salute!
Shmuley: Nice!
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Typically done by raising your hand to someone while making a fist, with the exception of having only your middle finger extended. However, in some parts of the city, such as South Brooklyn or Staten Island, some of the old timers will give a New York Salute by putting the tips of their fingers to the bottom of their chin, and quickly flicking their hand forward an inch or two, always accompanied by an angry facial expression.
Hah, you see the faces of those tourists who were waving at us from the roof of that stupid sight-seeing bus when I gave them the good ‘ol New York Salute?? Yeah, that was Priceless.