I saw a ghetto chicken sleeping on the ledge at school so I pegged it in the face with a piece of stale cafeteria bread. I fell off the ledge and busted his face on the pavement below.
Letting the water out of the fire hydrant on your block on a hot summer day as a means of cooling off. This is often done in poor urban "ghetto" areas because nobody in the projects wants to spend 20 bucks to go to great america or six flags or wherever.
Fred: It's really hot out, you wanna go to raging waters?
Tom: Naw, I don't have any money and I've got a better idea.