Slang.
Gold, silver, diamond, platinum caps fitted over teeth. Usually worn by Black rappers, with the exception of the white/ wigger rapper Paul Wall. Conspicuous spending, meant to show that he/she is so wealthy, he/she can afford to put 'grillz' in their mouth.
Putting gold caps on your teeth and begging to get your jaw broken by a crackhead. Make your teeth look nasty and a waste of money. Eating ruins them and can't look good on anybody. Unless you do something really creative with them, nobody wants to see. Go pay ur rent instead.