steel wheel
In hi/lo split poker games such as Omaha Hi/Lo or Stud Hi/Lo, a hand consisting of the ace, two, three, four, and five of the same suit. It is simultaneously the best possible low hand (5-4-3-2-A) and a very strong high hand (straight flush), and will therefore almost always win at least 3/4 of the pot. Wheel refers to any 5 high straight, the flush is what makes it a "steel" wheel.
Last time I got quads playing Omaha on Pokerstars, someone had a steel wheel and he ended up scooping the pot.
steel wheel
One of many slang terms referencing steel reserve. Also known as a wheel.
Friend1: "Yo Steve, how many steel wheel's you want for the Skins game this week"
Steve: "Its a night game, better make it two"
Steve: "Its a night game, better make it two"
Steel Wheels Award
Banging your girl out on the train.
"Did you hear that john got his steel wheels award this weekend on the railroad?" "No way man"