1. A slang/street reference to a trick/date/ho/significant other, that does not require large sums of cash or continuous finanical expenditures to retain their interest. This individual is low maintenance fiscally speaking.
2. A slang/street reference to a ho that is of a lower caliber - whether that be in looks, attire, number of stds, or overall performance - thus making her cheap. This term can also be used for females who are more promiscuous than expected.
"Man, my new girl is a cheap ho. All I have to do is buy her some Popeyes and we straight be gettin it on".
"I would never mess around with that skank again, she's a cheap ho fo' sho.
A slang/street reference to any variety of skanks/hos/whores, who are used for the sole purpose of casual fornication, which only takes place when the female individual's face is covered with no less than ten paper bags (at least 60% recycled materials preferred) to hide her grossly deformed and grotesque face.
"That ho is a straight ten bagger...but I'd still hit it."
"Yo Zyrel, go get me 10 post-consumer recycled paper bags".