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swag, fresh, bling. slang used to describe a piece of clothing or jewelry which is noticeable cool and expensive-looking. "Icy" comes from fresh, cold, or "ice age", "iced out", which refers to the action of wearing diamond wrist bands and necklaces which are transparent and have visual similarity with regular ice in a metaphoric way.
Guy 1: Hey, yo man, did you check out Bubba's adi jacket!. Mane that ho was icy!!

Guy 2: Hell yeah mane, boy was swaggin it out.
by Brizzy Izzy July 21, 2011
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Damn that was a steezy ass kickflip son!
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The slang term used for diamonds.
Dev- 'buying icies, is nothing'

Friend - 'woah look at the icie on that ring'
Friend- 'she must be richhhhhh!'
by p,myself&i July 11, 2011
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"I see" & "Cool" combined
John: Have you hooked up with any girls recently?

Jane: No. Not since Portland.

John: Icy
by Hakai September 13, 2012
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to be or act lesbian/gay
ex 1: "Those girls look mad icy right now"
ex 2: "That boy is definately icy"
by syd&gaburto January 21, 2011
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