A metaphorical reference to the entire workings of a gang. As gangs are generally groups of people involved in illegal activities designed to procure money and power, the term "ghetto pirate ship" refers to the entirety of the gang.
The term is often used by gang leaders who want to appear to be intelligent and have a grasp of literature or the outside world. By using the term, gang leaders inspire their "less worldly" troops by inciting imagery of swashbuckling bandits who scour the high seas for gold.
Due to the high level of violence and lack of dental care in the ghetto, many gang members wear eye patches and have gold teeth, which makes them similar to pirates in many ways.
Enter Mambo (leader of the gang):
-Mambo appears before a group of gang members who are paying their final respects to their homie, Cheeto, who got fucked up by a crackhead robbing the liquor store-
I have gathered you all here today on this motherfucking somber occasion to pour a forty on the curb for our brothah in arms, Cheeto.
Everyone raise yo' forty. To Cheeto! He lived as he died - a member of our motherfucking ghetto pirate ship.
(cheers arise, the smell of fried chicken fills the air)
Now, let's lay this motherfucker to rest and have some BBQ. And Tre, keep yo' motherfucking filthy hands out of Cheeto's mouth. Those gold fillings are mine. You hear me, motherfucker?
The term "one word" is used in place of the term "gay," usually in Politically correct environments such as offices or family dinners. The usage of the term "gay" in this instance refers to lame situations, not someone's sexual orientation.
The term only works when the speaker and the listener are both familiar with one another's lingo.
Ernie: Hey Frankie, how was the weekend?
Frankie: Oh, it was pretty bad. My girlfriend made me watch Titanic and then she started singing along with that crappy Celine Dion song...
When the tensions between two or more rival gangs reaches a critical point in which the outcomes of any violent act would be devastating to all parties.
In the early 1990s, when Whitey's control over street gangs was much more pronounced, the main fear during a situation of Street Brinkmanship was that violence would spill into the suburbs and cause the hammer of the white devil to fall from the sky. As a result, Street Brinkmanship was maintained through the practice of having satellite affiliate gangs perform indirect attacks on gang assets through much milder warfare. The warfare was often set up to look like "some crackhead" got his hands on a gun and blew a whole bunch of motherfuckers away.
Into the early 2000s, however, Whitey's control over street gang activities became less obvious (although farther reaching and exponentially more sophisticated). Only the most intelligent gang members were able to steer their "Ghetto Pirate Ships" through the webs of deceit that were woven by evil "Prime Movers" who governed the urban underworld from back rooms in sinister-looking high-rises. It was imperative, therefore, for all gangs to protect the unsettled peace that was imposed upon them for fear of repercussions unimaginable to mortal men.
Crip #1: I wanted to fuck that motherfucker up, but my man, Slimey, will let "The Old Man in the Tower" know about it and he'll feed my family to pigs.
Crip #2: That's fucked, man. I wish it was like the old days where you could go out and blast a motherfucker without having to get permission from some old white dude. The Bloods been waitin' for this motherfuckin' shit and we's afraid to deliver.
Crip #1: Chill it, bro. Let's keep waitin'. I don't want get no cement shoes or nothin'. A niggah will get his own when he has it comin'. Maintain, motherfucker. Maintain the Street Brinkmanship. Let's get us some tacos.