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Someone who lives in a run-down neighborhood, but has expensive possessions. Or if someone in the hood has multiple cars or if there is a known drug dealer who has a nice house in the projects, you might say he is Ghetto Fancy.
Yo, homey gots a nice whip, he all ghetto fancy and shit!
by Computer Loft June 20, 2011
when something that is completly cheap but is trying to look fancy
those forkss r so ghetto fancy
by jaquifa August 15, 2011