A hit is a dose in which is enough to get you high on Weed Ecstacy Cocaine Meth etc.
Alex: Ayy man know where I could get a hit
Sean: yea bro follow me
Chalked up is a term used to say that one is higher than shit on cocaine
Benny: Are you chalked up again man
Alex: Hell yeah nigga
A usually lower-ranking individual who is either a gangbanger already or is afiliated with them and very close to them
Joe: Hey Marcos have you seen Lil homie lately
Marcos: Nah I think he got caught up