1.Getting Along With Others- Knowing which questions to ask and not asking too many,being polite and friendly, but also being assertive.
2.Common Sense- Knowing who you can trust, which areas in town are good and which are bad, etc.
3.Self-defense-Knowing how to fight and fend off an attacker, especially if you are small.
4.BS-detection-Knowing when people are trying to fuck you over, reading their intentions, and knowing that most corporate advertisements are complete bullshit.
The stereotype of a street smart person is someone who is intelligent and knows how to handle important situations in the streets but is not as well-educated academically. However, the stereotype of a book smart person is someone who is upper-class and well educated but less knowledgeable when it comes to handling important situations faced in bad neighborhoods and lower-class city areas.
The more extreme and negative stereotypes are that street smart people are unintelligent and incapable of achieving a higher education, while book smart people are naive, easily manipulated, and have bad judgment in bad situations.
Both stereotypes aren't always true and any semblance of them are only due to different lifestyles and experiences.
Mike: Nah, don't worry. Jason may be street smart but he is also book smart. I'm sure you two will have a lot in common.
Previous generations referred to this trait as "the school or hard knocks"
boy two: Dunno. we'll have to watch until the end of this current season of The Apprentice and find out.