What is 2 Bit?
two bits refers to spanish pieces of eight where two bits would be a quarter of it. The saying has remained to mean a quarter.
I bought some candy for 2 bits.
A Whore, Hoe or Hooker. 2 bits is refering to 2 coins(or quarters), which is saying to the women she is cheap and you can have it for pocket change.
She's a 2 bit.
when one has a middle parting and two bits of annoying hair hanging down either side of the temple/eyebrow
"shut up 2 bit"