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it means as much as crap or crappy in gangsta language.
it is really crizzay you can't come to our party tonight.
crizzay by --matrix-- March 11, 2005

crizzazy like martin scorsese 

ridiculously good or absurd. Crazy like Martin Scorsese. Crizzazy is partly a play of slang and also has additional syllables to make it rhyme more smoothly. Martin Scorsese is one of the best directors to have worked in film and absurdity is tied to his name because while he is one of the best, he does not have a oscar.
Person 1: Dude, I was ready for that test but it was all trick questions.
Person 2: That's crizzazy like martin scorsese

crizzazy 

also, crizzaziness
really, really, really crazy
"That shit aint just crazy, its crizzazy!"
crizzazy by jizosh420 March 30, 2004