Nasty, straightened hair on a black dude. A Jheri Curl can count too. Called a Sherm Perm because it's popular in California, where peoplesmoke sherm. This term was popularized by "rapper" Soulja Boy while he was dissing grown-ass man Ice-T.
"'Friday' would have been even funnier if Ice Cube was still rockin' the sherm perm."
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).