Originally used to mean a young man, new to the game. By new to the game, I don't mean he just meant a rapper, but he just started selling crack, just started rapping, whatever, but even simpler it was a term used to mean just a person much younger than you.

Now, commercial rappers have turned the meaning upside down to mean a 'fine female', apparently.
"shorty's laugh was cold blooded as he spoke so foul,
Only twelve trying to tell me that he liked my style"
-NaS, 1994

"Shorty is shaking her ass on my Hummer with spinning rims, or something."
-average commercialized rapper today
by Steelo J. May 21, 2005
A highly attractive female. A male considers her his girlfriend or “mate”. She is his crush and his lover, even though she may not know it. She is beautiful and he is attracted to her.
Anna is my shorty. She is so beautiful and I love her.
by ChickenButt112211 April 8, 2019
Often used by rappers to refer to an attractive female
Shorty, come on over here and give us a kiss.
by theman65 May 22, 2009
a short piece of cat5 cable used to connect two devices that are of close proximity
ill sent you the pics over lan, I'll connect with a shorty
by Bowen_121 April 7, 2008
(n). A young, often preteen, male gang member. "Shorties" are used as look outs for police when gangs are involved in drug or other criminal gang related activity
"Ay, shorty on the corner says 5-0 is headin this way"
by Sophtei October 10, 2008