1) so ghetto that its dank.
2) a lot more awesome than dank.
3) a production company.
1) Yo, dawg! You be living in the projects? Thats ghetto dank!
2) G: That new car is pimpin'!
Dawg: Yeeee, G! Its ghetto dank.
3) White Kid: Dude, did you check out the new vid by ghetto dank?
G: WTF???