Tired, over-used description of idle rich suburban white kids wearing over-sized jeans, ganky sport shirts, gold chains and condom-style ski-caps while driving around in Daddy's Beemer because they think it makes them cool different and above all black.
Thug Lie is more accurate.
See also wigger,falsetto cool,hat-'tard, eminem, and niggese
Robert used to be a unique individual 'til he started watching MTV Raps and decided that with his pale skin, freckles, blue eyes and red hair, he was perfect for the Thug Life.
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