1. Marked for death; finished.
2. Having the status of a habitual
criminal; that is, subject to
life imprisonment upon subsequent
conviction.
3. Exhuasted or
petered out, as a specific
racket or criminal activity, or an area exploited to
the point of exhaustion.
4. Exposed; unable to dissemble further. "
You're all caught up, Lou. No more contracts (favors). I'm hip (aware) you were peddling all the swag (stolen food, etc.) I got you." (Note: Peddling is a high misdemeanor in prisons in the Northeast.)
- american underworld lingo - 1950