Green’s Dictionary of Slang

squeeze adj.

[events, objects that squeeze through]
(US campus)

1. accidental, fortunate.

[US] P. Munro Sl. U.

2. of poor quality, second-rate.

[US]P. Thomas Down These Mean Streets (1970) 82: I still missed Harlem, but I didn’t see it for six months. Maybe, I thought, this squeeze livin’ ain’t as bad as Crutch said.
[US] P. Munro Sl. U.