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The work one invests in a business venture.
I may not have much capital, but I have a lot of sweat equity.
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A room, or any type of contained area, in which sweat represents a substantial portion of the space, resulting in a palpable wetness in the air.
Person 1: Have you danced in the basement yet? It's so crowded.
Person 2: Yeah man, it's a sweat equity down there.
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The extraordinary time and effort a guy has invested in getting a piece of tail.
I got so much ball sweat equity in getting with that Tina, I swear I could feed a small country for a year!
Putting time, effort and mental work into something that isn't finished or paying off yet.
Sweat equity is a great act of faith; it's chasing your dreams and working with what you have: yourself.