I'm African American, and fwiw, I've never heard the phrase "squat that rabbit".

But I have heard {and informally used, though not with a lot of frequency} the word "squat" {meaning "nothing"}. And I've definitely used the word "doodel-lee squat" or "doodly squat" {however it's spelled and pronounced} more often than that. "Doodly" intensifies the word "squat" giving "doodly squat" the meaning of "absolutely nothing". "Doodly squat" is a more polite way of saying "not a dammed thing". I suppose that definition is close to "a person's mindless babbling" but it's not the same as "incessant carrying on about a subject" except that by doing so, the person makes that subject completely incomprehensible and therefore totally meaningless.


Also, "to squat" means "to sit down on your haunches" {and not with your 'bottom' on the ground}. This position could be associated with a person or an{other} animal shitting outside {or as some children might say "going to the bathroom and doing 'number two'". And except for its use as fertilizer, something that is "shit" or something "shitty" is a thing of little value. And that takes us back to the "doodelee squat" {doodly squat} meaning that I cited first.

Btw, I don't think that either squat or doodly squat are just used or mainly used African Americans. Maybe they are a regional thing {I'm from the Eastern part of the USA}. And I don't know whether that word and that phrase originated with African Americans and then were adopted by other people.

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