Depending on context in which it is being used it can meanany of the following: Dope, Pussy, Money, Food, Drink.
<standing outside Burger King> "Gonna get my squirrel on"
<standing outside the strip club> "Gonna go feed the squirrel"
<standing outside the liquor Store> " You got a dollar on my squirrel piss"
<standing outside the club> "Lets go roast a squirrel"
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