There are over 500 die-cast toy FAQ on WikiAnswers.
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It means a toy shrunk down to scale, but it is meant to be a
replica of a real person, place, or thing.
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Custom Die Casting is when you do a "Make-Over" to a die-cast
toy. For example: I have a Hot Wheels Car and I decide to color it
all red with a Sharpie. It is now a Custom Die Cast
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Die cast cars can be purchased at a variety of retail stores.
Some stores that carry die cast cars include Mint Models, Legacy
Motors, KMJ Diecast Store, and Toy Wiz.