Anyone by this name is undoubtably awesome. The name is usually accompanied by a title or position of power, but it is not required. So far, there is only one person worthy of this noble title in the world.
It derives from the ancient art of "rhyming" during the late 90s. "Ross the Boss" was its impetus, originating in an elementary school environment. 1000 was an exceeding high number in those times, and so it was chosen as the number of honor, along with 60. ...but that's another story.
See also: God