Fresh, Cool,

A jack off buddy (from 'cum' /'come', meaning 'semen', and 'companion'); a friend that you get together with for sessions of solo or mutual masturbation
Variant of: cumpanion (from 'companion' & 'cum'); jack off buddy & wank bud & JO buddy
Similar to: fuck buddy

Fresh, fly, sweet, off tha chain

Slang term for a bong, specifically of the brand "Illadelph"

Sick, Dope, Cool

illy is a word that is recently used more in the hip-hop world. it could mean something is too good or very nice.

see also ills ...just another slightly less obvious way of saying "pills"