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what is ratchet?

From urbandictionary.com:

1. ratchet

buy ratchet mugs, tshirts and magnets
The term 'ratchet' has no less than two distinct meanings. As an adjective, it describes a person or activity that is out of hand, out of control, or generally whack in some way. As a verb, or a direct object ("do tha ratchet, yeah, do tha ratchet..."), the term serves to identify or describe the dance craze--and the movements associated herewith-- of the Ratchet.

"...The President, he ratchet,and Saddam, mane/ His ratchet @$$ ain't have to send them <expletive> planes..."

Here, we find Lil Boosie making a Machiavellian social commentary on the political climate, incorporating the term "ratchet" to describe the absurdity of the President's actions.

The actual definition:
ratchet: (noun) a device that consists of a bar or wheel having slanted teeth into which a pawl drops so as to allow motion in only one direction.

Knowing this, I was confused as to why people were using it as an adjective and a verb.
Seeing it used this way in the Urban Dictionary just makes it more unsettling to my brain, which, in turn, makes me laugh every time you guys say it.

After episode 33, I'm pretty sure Aaron understands the meaning of ratchetness now.