Short for street-beads. Found in New Orleans during Mardi Gras, streads are the sad, unwanted strings of beads seen laying in the street, often submerged in Mardi Gras Juice. Streads are good for giving to women whose titties you want to see but who might not normally be bead-worthy. Broken streads can be easily fixed by twisting the ends together. Fortunately, the stread recipient usually won't notice this shoddy repair until she has already shown the goods, at which point it's too late, ha-ha, I saw your boobs.
Hey Steve! I got that girl over there to show her tits for some nasty old streads! Now let's go get a daquiri-filled plastic football!