A story about how you got caught doing stupid or sexual shit or how you almost got caught
“She for the streets fam ask her about her rico story“
A slang term in the late 1980's, nowadays call it "Netflix and chill"
Usually given from boy to girl or girl to boy, asking them for sexual inter course, or if they are texting, nudes.
"Rico story?"
"Damn I thought you'd never ask"