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word on the street 

information or gossip derived from sources outside mainstream society, usually judged as more reliable by the criminal underclass and mafiosi/gangster-types.
Carlo Bartolucci: That phone call I got, it came from outside high walls and fancy gates; it comes from a place you know about maybe from the movies. But I come from out there, and everybody out there knows, everybody lies: cops lie, newspapers lie, parent's lyin'. The one thing you can count on - word on the street... yeah, that's solid.
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word on the street 

1. A convenient way of spreading a rumor, by placing it before your own opinion.
2. A convenient way of labeling a common truth.
1. Yo dawg. Word on the street is you got da clap.

2.Zack: Yo Pauline! Waas da word on da street?

Pauline: Respect!

Zack: Damn right!

on the street 

"Yeah, mate, she's on the street again."
The antonym is "shacked up".
on the street by quacky758 July 19, 2012

I saw yo momma on 79th Street last night!!! 

NW 79th Street in Miami is a street where ghetto hoes do the walk and turn their tricks. Basically it's an insult meaning your mom is a whore.
Willie says to Jefferson: "Damn nigga, your girl has big fat cankles!!"
Jefferson: "Oh yeah? Well, I saw yo momma on 79th Street last night!!!"
Willie: "Shit motherfucka, don't talk about my momma."

A Fendi on Canal Street 

A person/object who is very fake/false/misleading is just like a fake wanna-be-brand-name bag sold for dirt cheap on the famous Canal Street in New York City: appears to be the real thing instead it will break apart on you in the middle of the street when you count on it the most.
Oh please I knew she was a liar, she's as fake as a Fendi on Canal Street!

or

That is definitely a knock-off, can't you see it's as fake as a Fendi on Canal Street?

or

With that Fendi on Canal Street of a girlfriend he has, I wouldn't be surprised if he took her out of his will!

Sucking a biscuit on West Street 

Being a prostitute; giving BJ's for money
Teacher: Wear shorts that short again Sarah and you're gonna end up sucking a biscuit on West Street