(thing) by pukesick Mon Mar 27 2000 at 11:35:14
1. Diamonds 2. Gems of any kind; any jewelry set with gems. 3. Anything valueless. "That phony peddler (one who sells stolen prison stores) is handing out ice. He wants a pack of butts for that lousy state mud (coffee)."

- american underworld dictionary - 1950
I like it!