A mixture of Fresh and Icey; both adjectives originate in the 1980's break dancing and beat boxing era. Each are synonyms for each other. Both words are used to emphasize that something is exceptionally great, radical ("rad")and/or cool.
As Jarome, who was sporting a high-top fade and BK's with fat laces, entered the roller rink to play some Galaxica and Pac-man.... I'll stop there - Jarome is Fricey!