Nice teeth is a term guys use to tell each other there are a nice set of tits near by.
That waitress has some nice teeth! Meaning she has a nice rack.
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You've got Nice Teeth is a statement to be made to someone talking too much as an indication that someone's mouth is open too much.
You've got nice Teeth A statement made to stop a blabbermouth. Example: . .and she wouldn't' shut up so finally I got a chance to interject, you've got Nice Teeth as a kind way to tell her to stop talking.