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Adj. Being in such financial straits as to not have the means to purchase basic necessities while in large credit card and/or student loan debt and still owning other luxury home entertainment items. I.e... a person can't buy groceries or gas to get to work, or unable to go out with friends on a Friday night, but owns things like a laptop, smartphone, Wii, HDTV with satellite, ipod, etc...
Jerry's missing Tony's bachelor party cuz he's first-world poor, so he said he's gonna stay home and Netflix movies all night.
de One-eyed Jack 23 August 2010
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