AKA: Slum Buggies, Project Cars and Woofer Storage
Used to describe a souped up car that comes with huge spoilers, spinning rims, about twenty speakers crammed into the trunk, and a stereo that will make you shit your pants when you turn it on. These cars are called Ghetto Wagons, because you normally see Black, Hispanic, Asian (and on some occasions White) people from lower income housing areas driving them around. They also get the name Ghetto Wagon because 9 times out of 10, they're purchased with money obtained through illegal means, such as drug deals
Damn Jamal! That's a bitchin ass Ghetto Wagon you be driving!