adjective Slang.
costing twenty-five cents.
inferior or unimportant; small-time: a two-bit actor.

1795–1805, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
worth next to nothing; cheap
[C20: from the phrase two bits a small sum]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
US authorities have maintained that he was nothing more than a two-bit snitch.
Skills sharpened from overseas deployment overwhelms the two-bit cartels.
He has given up the two-bit office with the filing cabinet-no clients-and moved out of his apartment into a rooming house.
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