short for "hotter than a two-dollar pistol," which means very hot; red-hot. A two-dollar pistol is "hot" because it is s o cheaply made that it usually blowsup andblows off a hand. The expression is used in the auditingdemonstration in reference to questions which gave significant or "hot" reactions on the E-Meter. N ProTRs Transcript Glossary. Final approval 29/10/89