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An interjection. Originated from a famous skit in Dave Chappelle's "Chappelle's Show". The skit would portray Rick James, usually high on cocaine, preforming doing crazy and stupid things, such as smacking Charlie Murphy in the face. Rick James would frequently explain away his actions by saying "Cocaine is a hell of a drug".
From "Chappelle's Show":

Rick James: "Why you hit me like that Charlie Murphy?!?!"

Charlie Murphy: "Cause you hit me, man!!"

Rick: "That was weeks ago, motherfucker!!"

Charlie: "NO!! It was tonight!!"

Rick: "What? I..I hit you tonight..."

Charlie(voice over): I could see that he had no idea, he had really forgot."

Rick (Being interveiwed): "Cocaine is a hell of drug."

Example #2

Dude 1: "Dude you are so retarted."

Dude 2: "Hey now, cocaine is a hell of a drug."

Example #3

Dude 1: "What's up dude?

Dude 2: "Cocaine is a hell of a drug!!"

Example #4

Dude 1: "He's in rehab now.'

Dude 2: "Yeah, cocaine is a hell of a drug."
by TomM08 November 07, 2005
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