Speed wobble (also known as shimmy, tank-slapper, or death wobble) is a rapid side-to-side shaking of a vehicle's wheel(s) that occurs at high speeds and can lead to loss of control. It presents as a quick (4–10 Hz) oscillation of primarily the steerable wheel(s), and is caused by a combination of factors, including initial disturbances and insufficient damping, which can create a resonance effect. Initially, the rest of the vehicle remains mostly unaffected, until translated into a vehicle yaw oscillation of increasing amplitude, producing loss of control.

Vehicles that can experience this oscillation include motorcycles and bicycles, skateboards, and, in theory, any vehicle with a single steering pivot point and a sufficient amount of freedom of the steered wheel, including that which exists on some light aircraft with tricycle gear where instability can occur at speeds of less than 80 km/h (50 mph); this does not include most automobiles. The initial instability occurs mostly at high speed and is similar to that experienced by shopping cart wheels and aircraft landing gear.

Sustained oscillation has two necessary components: an underdamped second- or higher-order system and a positive feedback mechanism. An example of an underdamped second order system is a spring–mass system, where the mass can bob up and down (oscillate) when hanging from a spring.

If shimmy cannot be designed out of the system, a device known as a steering damper may be used, which is essentially a notch filter designed to damp the shimmy at its known natural frequency.

Shimmy is usually associated with the deformation of (rubber) tires. However, it can also be observed in nondeformable (e.g., steel) wheels. The phenomenon can be explained by introducing multicomponent dry friction forces, apart from the usual forces considered in the literature.

Another explanation is that speed wobble is a Hopf bifurcation, a mathematical phenomenon in which a stable fixed point of a dynamical system loses stability as a parameter changes, giving rise to a limit cycle (a path that a system follows repeatedly, looping back on itself in a predictable pattern, which other nearby behaviors tend to mimic over time). In the case of a speed wobble, the system changes from one state (a stable ride) to a second state, (constant amplitude oscillation), when one parameter (forward speed, or air speed) progresses through a critical point.

Wobble or shimmy begins when some otherwise minor irregularity accelerates the wheel to one side. The irregularity may be a wheel which is out-of-round, out-of-true, or out-of-balance. As the wheel rotates, it will exert a cyclic load to the vehicle frame, which if matched with the system's (vehicle and attached accessories) resonant frequency, can produce a speed wobble. During the wheel rotation, a restoring force is applied in phase with the progress of the irregularity, and the wheel turns to the other side where the process is repeated. If there is insufficient damping in the steering the oscillation will increase until system failure. The oscillation frequency can be changed by changing the forward speed, making the bike stiffer or lighter, or increasing the stiffness of the steering, of which the rider is a main component. While wobble or shimmy can be easily remedied by adjusting speed, position, or grip on the handlebar, it can be fatal if left uncontrolled.

Other things being equal, speed wobble is generally less likely to occur in a mountain bike compared to a road bike, because a mountain bike's frame generally has more damping from the suspension system, and the tire knobs also produce some damping between the vehicle and road interface.