1. (verb) To make what you have better by spending little to nothing.
2. (noun) A person who alters or modifies something to their satisfaction.
3. (noun) Something that has been modified, or altered in a stylish, and/or trendy way.
1. That shirt is ratchet rich
2. I'm so ratchet rich
3. Your grandma is ratchet rich
4. They are attempting to make these shoes ratchet rich