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Yes, G may refer to a close friend or a person one can trust. One of the most widespread ways of its use among peers is as a nickname or greeting. As an illustration, What is good, G? is like Hey, buddy, how are you? In this case, it does not mean gangster activity, this means loyalty and respect. It is most commonly used among younger generations who have been brought up in hip-hop or urban culture, and are more likely to use it at the cost of social media, messaging apps, and just talking with others. Know more about what does G mean