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1.
Celebratory gesture made by two people, slapping each other's lowered hands.
Opposite of "high five", but still carries the same social meaning, often sarcastic.

Two frieds slap each others hands and say "low five"
автор: dukot 28 февраля 2007
 
2.
when two guys slap their penises together, intentionally or unintentionally. usually occurs in tight, naked places such as a locker room
tom and ben turned around at the same time in the locker room and accidentally gave each other a low five.
автор: TallPeniz 5 апреля 2011
 
3.
A slang term for a hand job.
Mary gave Joe a low five in the back row of the movie theatre.
автор: Ericg007 17 января 2008
 
4.
The same as a high five, just horizontal and instead of slapping each others hands one person holds their hand horizontally and the other hits it.
A: Low five!
B: OK

/smack/
автор: 3oclockand44minutesand20secondsafternoon 23 августа 2007
 
5.
Hand gesture used by motorcyclists and some others in respect and acknowledgment of fellow riders. An extended left hand wave with the arm slightly below the handlebar. This is done for both safety (don't wanna take your hands too far off the bars) and discreteness (it's an "inside thing".) Most riders are very friendly this way. Others won't return the gesture if you're riding a "foreign" bike or one not of the same make as theirs. Harley riders are notorious for this and other jackassery.
Hey, Dude! Low Five as we pass opposite ways on the road.
автор: Biker23 24 августа 2012
 
6.
Another name for masturbation.
Before dates, give yourself a low-five. It releases the endorphins, removes personal stress
автор: BasketOfFish 16 декабря 2006
 
7.
In sports, this is the act of slapping the behind of a teammate or competitor.
He gave me a LOW FIVE when he passed me in mile seven of yesterday's marathon.
автор: Slow Fox 22 июля 2008