I stole this from Cyclofiend.
It is an essential guide for anybody who has ever purchased a bike on craigslist.com.
Check out Cyclofiend for everything you ever wanted to know about bikes.
A Quick Guide to Craigslist Bicycles For Sale Ad Terminology:
Stated = Reality
Classic = Rusted
Retro = Dirty and Rusted
Vintage = Dirty, Rusted, Missing Parts - Found in Parents' Storage Unit
Unique = I found lots of extra parts in my parents' garage and made this bike
Racing Bike = Stem shifters, brakes with "safety" levers, huge pie-plate steel spoke protector.
Italian Race Bike = 70's Bike Boom model from Taiwan with a low-end Campy derailleur
Classic French Design = No shop within 800 miles of you will have compatibly sized or threaded parts
Super Light Race Bike = 10 year old Cannondale road frame with a closeout mail-order carbon fork swaged into the headset
80's Vintage Race Bike = It will feature the most amazing combination of incompatibly hued paint you have ever seen
Tall Road Bike = Wow, this must be for someone who's, like almost 6 feet tall!
Old-School Track Bike = Schwinn Varsity with a sprocket force-threaded onto the rear hub
Hardcore Pista, used twice = Email responses only, my jaw is still wired
Cross Bike with Classic Parts = Three season old Cross Bike (which age in dog-years) with all the worn-out parts left from the last upgrade
Never Raced = Last number still zip-tied to top tube
Works = I mean, I haven't actually looked at it, but I remember someone rode it once
Race-Ready = Rattles like hell
Serviceable = Chain is rusted solid
Needs New Tires = Tires need air
Recently Tuned = Used half a can of 3in1 Oil on the chain
A few nicks = dents deep enough to hold water
A few scratches = Major Chainsuck bites that have been wrapped with duct tape
Needs some TLC = Major Resto Project that will bleed you dry
Project Bike = Run Away, Run Away!
Need to Sell = Don't want to sell, so I'm asking $50 under original retail