Referring to the style of nouveau riche people who have grown up in ghetto or urban areas. The combination of bad taste,an urban aesthetic and desire to wear one's wealth. Basically, high priced but tacky clothing and accessories.
People with million dollar homes decked out all in black, gold and black glass.The expensive version of cheap Korean store furniture.
To be hood and fabulous. To live in the "hood" yet drive a Mercedes, rock a Rose Gold Jacob, and sport the latest designer goods. In other words Livin good in the hood....the true and exact definition.
Can be equated with inappropriate spending on depreciable items instead of items that build wealth.
Did you see Don whippin that bentley, playboy is straight ghetto fabulous
being on food stamps, section 8 and welfare you have your nails ,and hair done in the latest weave,a large Gucci purse.You give your man your food stamp card to slide so you can say he takes care of you. He has on Jordan's (that you bought him) and your kids are walking around bare foot with a heavy diaper.
"Hey girl I seen your new J'z, even tho you on food stamps you living ghetto fabulous!"
Spending money on items that are not of a necessity, when there are things that you actually do need; Not making wise economic choices with one's money for the sake of appearing "cool" or wealthy; Vanity.
Ghetto fabulous = My co-worker drives a Benz truck but still lives in an apartment in the hood.
i.e. A wiser decision would be to buy a house and drive a more moderate vehicle.
you live in the ghetto yet you are always seen with the latest of errthang
standing at the bus stop decked out in name brand clothes and shoes, fresh hair and nails, talking on a cell phone, gold or platinum grill, iced-out wrists, fingers, ears, and neck, with a big, colorful unbeweavable hairstyle...now that's ghettofabulous!!!