cigarette boat noun3 •(US, Canada) A small, fast boat with a planing hull used to smuggle cigarettes to avoid taxation.MICHAELA: You're not a mobster, Ethan! You're not gonna run drugs back and forth to South America in your cigarette boat! — 2014 •a small, fast boat designed with a long narrow platform and a planing hull to enable it to reach high speeds. •A powerboat of the type similar to a vessel that is used to smuggle cigarettes. formscigarette boats · cigarette-boats