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A man achieving a level of achievement higher than expected (or deserved) in the sense of sexual conquest, employment or life in general.

The term originates from the British hereditary title of honor reserved for commoners.
Ken: "Did you see those two chicks Sean brought home last night?!"

Joe: "Yeah man! Identical twin models!"

Ken: "Holy shit son! He is The Baronet!"
by Jonathan Roundtree June 12, 2012
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