It is most effectively used when the direct object is being especially greedy ("Jewish") with his/her belongings.
Billy: "Come on Abraham it's just a dollar!"
Girl 2: Yeah, I think his name is Jeff.
Girl 1: No way, a guy that hot has to be named Abraham.
Damn is that Abraham over there? He is so fucking good looking!
lawery:"yeeeeaahh booooiii dats some serious abraham goin down there"