Huge items which are worn by gangstas as jewelry to show how wealthy they are. Items range from diamond earrings so big their heads are permanently cast to one side, chains so heavy that the individual suffers from chronic neck pains, and rings which take two fingers to wear. Usually made of platinum and laced with diamonds, those who purchase this type of jewelry find themselves in heavy debt and thus cannot afford to pay for the other necessities in life, like a comb, toothbrush, soap, washing power, or tissue. Though one who has an excessive amount of ice ends up sacrificing their personal hygiene, they believe they are still superior to the rest of humanity because of all the jewelry they possess. However, in most cases, individuals end up purchasing fake jewelry either because they can not afford the real thing or because they do not know any better.
~v. –ed, –ing, –es. To drench oneself in jewelry to a point where there is no reason to wear any clothes because the jewelry covers every inch of their body.

1)- Frozen water, used to cool drinks or for medical healing during athletic competition

2)- Expensive jewelry, usually in the form of diamonds that is worn in either necklace, ring, chain, or earrings

3)- To kill or murder someone

4)- Methamphetamines, illicit street drugs

diamonds

1.diamonds
2.crystal meth

crystalized methamphetamine, smokable

1)Diamonds, chains, earrings, watches etc.

2)If you ice somebody that means you shot and killed them.

3)Frozen water

to present someone with a Smirnoff Ice and require that he/she chug it while on one knee.

A) meth (stimulating narcotic)
B) a dank ass type of chronic
C) jewelery, particularly jewels/gems like diamonds

there's probably a lot of different meanings, but these are pretty common.