Homie, homeboy, homegirl, etc.

A knife or dagger; racist term reffering to a perceived propensity of hispanic individuals to carry these.

Term used mainly by Mexicans and Latin-Americans to reffer to somebody else.

Like saying "bro" or "my g", "wassgud ese" is just another way of saying so.
"Ese" meaning "that one" in Spanish, it's originally used to point someone out but later

evolved into a more colloquial term.