1. A phrase coined by an art student, and later made popular around 2001.
2. A group of gangsters, or original gangster alike, who enjoy playing the game of basketball below street lights.
A basketball bouces into traffic
C-Dawg (To C-Dope): Awww-sheeet, let it go, let it go, the homies in the street light will get it.
C-Dope: 'Ight, 'ight...
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".
I don't buy the schmegegge about Morty sleeping with Moira.
His version of the story was pure schmegegge.
The whole schmegegge was made up to get Liz a little bit of attention.