2.similiar in meaning to (1.), but in this case with regard to a thing, stating that said thing is of little to no worth
2."My car is totally broke ass. It sounds like I'm driving a lawnmower."
Someone Suffering from chronic brokeassness.
A: Because I'm a brokeass.
"Can you believe Pete's behavior tonight? He stole all of the bread from dinner and only ordered water."
"Yeah, since his divorce from Shelly, Pete's totally a brokeass"