two way!
condoo it-- a kind of pipe, used to hold wiring (also knows as greenbar) and BX (metal sheathed electric cable, required by NYC electical code-- most of the rest of the country uses RomX(rome X) unsheathed cables

CON dwit--Specifically Northern and Southern Conduit Avenues (the road real NY's take to and from JFK, while tourist sit in traffic jams on the van Wyck (called both van Wick, and van Wike) named for the conduit under the road.