Definition
A tongue-in-cheek name for Air Force One, the fanciest airplane on Earth, which is basically a government-grade hoopty. In reverse, it's what you call your beat-up car when you're feeling proud of it anyway. Either way, it's a flex that's a little bit rusted at the edges.
Example Usage
I'm pulling up in my Presidential Hoopty, a 2002 Corolla with duct tape on the mirror.
Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=Presidential%20Hoopty&defid=1716668)
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