1. Noun. A person who is flighty and/or paranoid and therefore can not be trusted. As in Rabbit-ass nigga.
2. Verb. The act of moving from one place to another in a quick fashion.
3. Noun. A general term for a male. Usually replacing the word nigga
1. Nah, I'm not lending you any money. Nigga you's a rabbit.
2. I hear there's a party over at Elijah's. Let's rabbit.
3. That party sucked. There were mad rabbits and no girls.