Traditionally used as part of the larger phrase "To be nickled and dimed to death", referring to the undesired price of upkeep for a certain item. More fundamentally, it refers simply to seemingly hidden ongoing expenses which, over time, add up to a large expense.
Thurgood: "Whats up nigga, you gonna nickel and dime (2) me today as usual?"
Samson: "Aiight dogg I'll give you this dime bag here for $17."
Thurgood: "Sheeit, all I got is this $16. I'll get you the $1 later."
Samson: "No can do. I need it all up front."
Thurgood: "Man why you gotta go and nickel and dime (1) me like that?"
When banks secretly charge and take money from you for stupid violations and penalties: ie ATM machines, limited checking, under the minimum balance of an account, etc. and usually result in pissing off their customers and gaining more money.
"Shit! I had $99.50 in my savings, but since the bank minimum is $100 for the account to stay active, they took out $4.50 in penalty fees!"
"DamnTom, they're nickel and diming your ass!"
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).
Precedes or follows either a gratuitously disrespectful or honest remark, originated in New York City. Used in similar fashion to "no offense" or "to be honest," interchangeably.
Ya mans is wild buns, respectfully. Respectfully he's washed.
After school, The Modells on Jamaica Ave was active. Respectfully.