Two bits is a term that means 25 cents in American currency, though it can also be used to refer to a small amount of something. There are a variety of synonyms for this phrase, including quarters, half-dollars, and 50-cent pieces. Other terms that can be used include "twelve and a half cents," "two shillings and sixpence" (in British usage), "a half-dollar," or simply "a coin." In some cases, the phrase "two bits" is also used as a slang term to refer to a person who is considered to be of low quality, or to describe something as cheap or inferior.