A shortened, code version of the phrase, "EAT YA ASS!!!". One must say the previous words in quotes very fast to transform this beautiful act into "Jazz". Often a code used by guys in reference to surrounding woman who may be privileged of receiving a good old fashioned "Jazzin".
For example...
Money Mike: "Sup baby you lookin to JAZZ tonight?"
Stupid Dunk Bitch: "Haha! You are soooo funny! OMG!!! I just smoked the wrong end of a cigarette!"
Money Mike: "Oh man I just wanna grab dem big u'll butt cheeks and JAZZ witch ya all night...just dont fart bitch."
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