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its like the word 'nigga' but it makes you way cooler to say it.
It can be used to refer to a small storage building where 'niggas' put away things like knives and bloody gloves (see meaning of shed)
Catherine: Whats good niggashed?
George: Watchu thankin(thinking or doing)!?

or

"OJ should have had a niggashed"
by Cat&Geo January 17, 2009
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