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1.
1). Obtaining money through illegal means (i.e. robberies, extortion, pimping or hustling).

2). Name of a Chicago based rapper signed to Ternt Up Ent.
1). "Yeah bruh, that whole house was bought through snake money".

2). "Hey, have you heard of Snake Money? He just did a show out in Seattle".
by JO MILD February 18, 2013
 
2.
adjective meaning good or bad... also use "snake" on it's own to throw in randomly to spice up the conversation.
"Hey Sam-Snake! How's it goin'?"
"M'eh, feelin' kinda snakey today."

or

"Dude, I just found $20!"
"Snakemoney!"
by SaubleBeachBum May 13, 2006