The house, crib, or pad.
"Hey what choo doin"?
"Ah nuthin just chillin at the velt"
It means underwear, it's a word that Moka Only made up on the song "Team Work".
"I put 25 full years under my velt/I got my ladys love restin right under my velt/(Yo moka whats velt?) That's my underwear get it/I'm known to make up words so people don't sweat it