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1.
noun, referring to the decaying social network known as Myspace.

It's also a reference internet meme started by the website GhettoMyspace.net, dedicated to ghetto photos found on Myspace.
Someone sees a picture of a thug eating money. "That's like something you'd see on Ghetto Myspace."

Or, "Thats some Ghetto Myspace shit!"
by realhungry2000 November 03, 2011