a lifestyle in which you shun clutter, and cling to as few material possessions as possible... essentially the antithesis of being a packrat
possibly named so because of Moby's MTV cribs episode which showed how humbly he lived
"All I own is a few suitcases and some clothes. I also just shaved my head the other day. Yep, it's all part of the whole Moby Lifestyle."
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