From Urban Dictionary:
“Gibs-Me-Dat” (Ebonics) (n.) 1. Annuities, in the form of goods, services, or material (usually welfare checks) given predominately to blacks, in exchange for their tacit agreement to reciprocate by not burning down America’s cities.
Example:
“Yo Trayvon, who you be votin' fo'?”
“I gots to go wit Obama, baby. The democrats be givin out moe betta gibsmedat.”
2. (n) One who accepts said annuities.
Synonymous with: tribute, baksheesh, Danegeld, reparations
This can happen to everyone. We are now a cashless society. If you tried to rob a Walmart I doubt you’d get a thousand dollars.