Any neighborhood, community, street, block or complex of housing that has a large number of crackhouses, crackheads, meth heads or drug dealers combined with a high crime rate.
K. looked at the dismal gray sky through the shattered window in his kitchen where someone had tried to break in, remembering the five year old who knocked on his door mistakenly looking for drugs, and muttered "this place is a crackhole".
A derogatory term derived from asshole and crackhead. It actually is another word for your nose, the hole that crack goes through.
Kat is such a crackhole.