Something on its face appears good or of high quality yet ultimately it has unfavorable characteristics.
Car Mechanic, "We can get your rig running today, but it's going to cost $500 for the part." -That's nice ghetto.

Your friend has a garden hose in replace of his door handle on his 85 Honda Civic w/ 18" crome rims. -That's nice ghetto

You unpack your suitcase on vacation to realize you forgot your cell phone charger. -That's nice ghetto
by Paul Tramontano March 23, 2004
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