Reference to Al Capone, famous Chicago gangster. If you're "straight up capone" you're a true gangsta out there on the streets, not one to be fucked with.

Getting extremely excited about something nobody cares about.

a castrated male chicken

1.Something or someone that fails in an epic scale of things.
2.To lose your testicles

When you are owned by Al Capone or owned in a mob style.

To own/dominate someone

To bribe or cheat someone