When someone is so based that they are considered by some to be a god-like being. Lil' B perfected this act of being based, dubbing him as the REAL Based God. When others try to imitate, he shits on them. He also acquires maximum swag and can fuck all of your bitches.
Money Bags: "Hey yo Shawty! My girl Keesha! You seen that nigga Lil' B?"
Keesha: "You mean Based God? Oh yeah we just got done..."
Money Bags: "Don't tell me...HE FUCKED ALL MY BITCHES!!!"