If you look closely you'll see that the beginning part of this word, |> is a sideways triangle which usually means the play button on a VCR, radio etc. Then it has er at the end so it's like saying player but in a shorter and more clever way. This can only be used when texting or messaging someone.
Text Conversation

Tony: We goin to the party?
John: Yea and that guy Michael will be there.
Tony: Michael is a complete |>er.
by The Chocolate Leopard May 21, 2010

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