Lemonade made at a restaurant by combining (free) water, (free) lemon, and (free) Equal. Generally performed at a Red Lobster.
"I'll have water with extra lemon...oh, and please bring some Equal...and I'll have the 'All you can eat shrimps, please'". Then you turn to your friends and say, "Anyone else want some ghettolade?".
by M0NALOVE May 19, 2008