My son loves Grease and watches it over and over.
So I am starting memorizing it all, but there are some phrases I don't understand.
Please explain exactly what this part means (it is before the car race between Danny and Leo – Scorpion's leader):
Leo: Good, 'cos we're racing for pinks.
Danny: Pinks?
Leo: Pinks, you punk! Pink slips! Ownership papers!
Danny: Oh, ho, ho, ho, ho, ho!
Best Answer
I think your punctuation of the last line is wrong. It should be:
In other words, they're racing for pink-colored documents which grant ownership of a car.
(Note that the phrase "pink slip" in English is normally a euphemism for a notice of termination of employment. The usage of "pink slip" in this case is somewhat unusual.)