An unholy merging of hip-hop low crotch baggy jeans and hipster skinny jeans. The resulting fashion nightmare can range anywhere from making a chick look like she has a dick to making her look like she has a huge gunt or even a birth-pouch. Also looks like pants on backwards.
Seen on hipsters in London, mostly in the female hipster of the species, but there is some crossover to the "male" version of hipsters.
Roger: "Oy mate, does that bird have her knickers on backwards?"
Simon: "Nah, those are the new fashion--we call 'em "gunt jeans."