Cool, great, excellent, fantastic. Can be used to replace any word indicating that something is of high quality or particularly good.
"Those are some homemade shoes you picked up last week baby!"
"Have you checked out the new Ludacris CD? Thats homemade!"
"Don't put him down man, he's homemade..."
A man who is overly accommodating to his dominating bitch; a tailor-made man; a man who can't function without his bitch's approval.
Jasper's a homemade nigga.