1) a lifestyle mostly found in the Northeast, with a certain clothing style (see below) and traditionally associated with old families with money-WASPS, the kind of people who have mansions on the maine coast, prepratory schools, ect. not everyone who wears A & F is preppy-it's all about the name, where you go to school, and family connections. preppy is a lifestyle and can NEVER go out of fashion. those who say that preppies are brats and sluts most likely have come into contact with wannabe preppies who frequent abercrombie and fitch.
2) a clothing style including popped collars, polos, clean cut men, cardigans worn around shoulders, and belts. the look tends to be classic whether it is in or not, with headbands, pearls, bracelets, all pulling the look together. A & F favors polos, monogrammed tees, ect. but other stores that preppies shop at are ralph lauren, l.l.bean, lacoste, and petit bateau, but not always abercrombie and fitch, hollister, and guess. they do not lean toward being slutty typically, like i said they are conservative, buttoned down, and well dressed.
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