Top Definition
A lifestyle of excess in liquid income obtained by a much older, rich friend/boyfriend/girlfriend or elder family member or members where one goes around just living the life where every day is a vacation and every night is a party.
"I haven't seen YOU in a while. What are you doing these days?"
"I'm just livin' the Avalon lifestyle. There is no other life."
by Jmaru June 01, 2005

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