Chutzpah – what does it mean?

I found this on the Internet, so it’s not mine, but I think it captures the sense of what the Yiddish word “chutzpah” means.

Enjoy, Sammy

A little old Jewish lady sold pretzels on a street corner for 25 cents each. Every day a young man  would leave his office building at  lunch time, and as  he  passed the pretzel stand, he would leave  her  a quarter, but never take a  pretzel.

And this went on for more then 3 years. The two of  them  never spoke. One  day,  as the young man passed the old  lady’s stand and  left  his quarter as usual,  the pretzel lady spoke to him.

“Sir, I appreciate your business. You are a  good  customer, but I have to tell you that the pretzel  price has gone up to 35 cents.”

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