Douglas Harper's Etymology Dictionary
Wiktionary
n. Twenty-five cents, or a quarter.
Wikipedia
Two Bits is a 1995 American drama film directed by James Foley and starring Al Pacino, Mary Elizabeth Mastrantonio and Jerry Barone. It was written by Joseph Stefano, who considered the film a personal project, with a semi-biographical story. The title refers to the American slang term " two bits", for a quarter dollar.
Usage examples of "two bits".
Then he gave me two bits of cardboard to put it on, and they left the cell.
Besides that, to have two bits instead of one - and mine was a sharp one, it hurt my tongue and my jaw, and the blood from my tongue colored the froth that kept flying from my lips as I chafed and fretted at the bits and rein.
Grabbing the corner of the concrete block he heaved himself to his feet and darted across the opening between the two bits of rubble.
General Sinclair, crusty and alert, his eyes like two bits of blue glass in his hard-seamed face.
They were common as jackrabbits and could be bought for two bits a head, if you bothered to pay anybody for ’.
And I wouldn't be able to work for less than two bits an hour, so the whole job would cost you half a dollar, and the good Lord knows that half a dollar ain't chicken feed.
He went white as a sheet, assured me that he hadn't, then turned and fled out of the apartment, knocking loose two bits of police tape on the way out.
The two bits of pipe tobacco had been discovered: a refinement for the third specification.
One or two bits of jewelry gleamed in the semidarkness, and a pair of eyeglasses reflected back like tiny headlights.