adj. Something that can be both good and bad, sometimes simultaneously. Much as someone who is a "gangsta" (n.) probably has many amusing qualities, such person probably has downsides as well.
Dude 1: Yeah, so I banged my best friend Mark's sister last night. She was so fucking hot, but if Mark finds out, he is totally gonna kick the shit out of me.
Dude 2: Damn, dude, that's shit's gangsta!
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