1). A poser that belives that he can easuly throw money at a problem and mack any girl possible any time they want.
2). These self made pimps are only popular through money and buying friends off when they are really at the bottom of the social chain without their riches and hollow personalities.
"Brett and that kid that starts with a P are self proclaimed pimps because the only reason girls even look at them is because they throw money at everything in life."