Variation of the term Ghetto referring to a slum like neighborhood or project primarily inhabited by latino's or, as popular racial slang refers, "Wetbacks". Also refers to an object, style or lifestyle which reflects values found in such places.
Guy: "Yo man do you remember where that Mexican joint was where we snagged those awesome fish tacos?"
Friend: "Yeah man but it's in the middle of the Whetto and there are some pretty sketchy beaners in that area."
i.e
Guy: " Bro! Where'de you get that sick bandana!? It's so Whetto!"
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