Being of street quality. Depending on the subject matter, it can mean very good, or it can mean very bad.
1. That Kind Bud is ghetto grade, thats some potent shit!
2. That car is ghetto grade man, it has 2 flat tires.
2. That car is ghetto grade man, it has 2 flat tires.
by Moe JONES February 04, 2005
by TheHose February 03, 2005