This emoji goes beyond its physical meaning of "cold" to also represent a "cool" or "unflappable" personality. That's why it often appears in conversations about hip-hop culture or fashion to mean "cool."

It's also used to show off diamonds or expensive jewelry, like the slang term "ice" used by rappers. When used with the fire (🔥) emoji, which signifies passion, it allows for creative combinations, like expressing a "hot and cold" contrasting charm.