an attractive light-skin woman; a man who is 'yellow' or light-skin; a nickname for a light-skin person; a black person with red undertones in their skin or hair
"Aye Red lemme holla at cha!"
"Aye man, what dey call dat gurl down at the strip club wit da phatty?"
"Oh you talkin bout da yella sista?"
"Oh, dey call her Red."