A term used to describe someone who is in a very dangerous situation.
(i.e. If you were walking on a giant
razor's edge and fuck up, you either plumet to your death or you slip and land on the razor...getting chopped the fuck up and then raining down below).
Terms with the same meaning include:
SKATING ON THIN ICE and
LIVING ON THE EDGE.
"Hear about
Chauncey makin out wit Terry's girl las night?"
"Uuuh-huh...That foo be WALKIN ON THE
RAZOR's EDGE right dea."