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It is to express approval in a cool ass gangsta way.

Similar to "That's RIGHT Bitch!"
Guy 1: "I wake up the birds. The birds don't wake me up"

Guy 2: "Downstreet!"
by hiiwiip November 20, 2010
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Apr 21 Word of the Day
I've been jabbed
by Francesco II March 20, 2021
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2
It's the small town word for downtown...when downtown consist of one main street...and that about sums up the shopping district...
"I'm going downstreet to meet some friends for a day of shopping and tea!"
by Poegwen! November 30, 2004
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