A myspace term, much like the "away message status", top eight status is when you become so important to a person, that this Myspace user will put you on his/her list of "Top Eight," (Your Top Eight is visible to anyone that accesses your page)
David: Dude, I think Tracie is starting to like me.
Jesse: Bullshit man, she wouldn't give your ass the time of day.
David: No... Forreal, she put me on her top eight
Jesse: No way! You already got Top Eight status? Damn... she definitely wants your dick.