My friend coined this at a party...basically it is a mixed drink with really cheap ingredients, preferably one that is yellow in color like lemonade. A good example:a margarita on the rocks with just margarita mix and nasty no-name tequila. Example: Why're you drinking that nasty ghetto lemonade? There's a whole case o' Mickey's in the cooler.
GHETTO LEMONADE
Meaning of GHETTO LEMONADE in English
Slang English vocab. Английский сленговый словарь. 2012