Flyspace

n. - the area near and around the fly, the crotch area, where the genitalia are located.

Dude, hands off the flyspace.

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Ghetto Flyspace

Common slang for the popular site, "Myspace". Also used to describe one's Myspace as being particularly ghetto, fly, ghettofabulous, etc.

"He has a very ghetto flyspace."

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FlySpace

When someone's Myspace page is extremely "fly" and awesome.

Bob: Man! Have you seen Jeff's myspace? It's super fly!

Katie: Dude yes! It's a Flyspace!