torcher

1.) A singer of "torch" songs; i.e. a female singer of passionate love songs

2.) An arsonist

1.) She was a half-decent torcher, but she was no Timi Yuro.

2.) He contracted a torcher for 25% of the insurance payout.

the life

A catch-all term used to refer to life as a criminal; "the life" outside of the law.

"You're really thinking about quitting?"
"The life? Most definitely."

Vincent to Jules in Pulp Fiction