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noun: the place that served cold or perishable items are stored to keep them cold, only refers to a place that is not electrically, gas, or motor powered; does not necessarily have to refer to the ghetto, one can have a ghetto freezer for convenience.
Gangster 1 : Hey dawg where da milk at?
Gangster 2 : Yo, it's in the ghetto freezer cause I couldn't pay the electric bill.
Gangster 1 : Dumbass!

Zack: Welcome to the party, all the booze is out back in the ghetto freezer, there was not enough space in the fridge so we had to put them in the snow.
by Crazy4bmws February 15, 2010