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2.
a good party, esp. one where there were mad phly bitches around, plenty of drinks and food, blunts, etc. where all them gangstas partied up from 3am to 6am in the NEXT day
ayo sam's open crib was a thug holiday.
by clapback December 30, 2003
 
1.
a thug anthem that dedicates all the people who were lost in the struggle
(being in jail, someone dying, etc)
it explains very well in Trick Daddy's "Thug Holiday"
"so many tears throughout the years/somebody tell me whats going on"
"this is for my people in the ghetto,i'm calling out, to all my thugs in the ghetto"
by Michele January 01, 2005