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1.
An individual who listens to sundry radio shows for the sole purpose of winning a prize offered by said radio station.
Whenever the radio station holds a contest, the prize pigs always call in and wreck it for the real fans.
von StyckyWycket 16. Oktober 2007
 
2.
Prize pig is where you end up with the last female in the bar. She is usually drunk and pretty much ready to go.

Alternatively, you have Parking Lot Prize Pig. This is where you simply hang out in the parking lot of your local pub, and pick off the Prize Pigs! :)
Yo, lets' head to Parsnips and play Prize Pig.
von GTB-GTG 9. April 2007