One who will go broke spending large amounts of cash in an attempt to impress others. Faux/Fake. Wanna be baller who doesn't make enough money to qualify for true baller status. One whose monthly car payment is more than their monthly housing payment.
Fauxballers enjoy taking limos everywhere so that people think that they are "somebody".Fauxballers will invite a group of people to their V.I.P section in a club and then ask you to chip in at the end of the night. A fauxballer will always tell you the cost of everything for which they paid in the hopes that you will be impressed. The fauxballer rented that big house because he has bad credit and cannot afford to buy it.