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A derogatory phrase used to describe a mediocre person of little, if any, academic, professional and/or life accomplishments (typically a male of low socio-economic status and often times used to describe an average or underperforming athlete). Ostensibly, a loser who might be expected to eat ham and eggs as a means of subsistence because of the simplicity of the meal.
While I was vacationing on the beach in Cabo San Lucas, that Ham & Egger was at the Jersey Shore.

That Ham & Egger shouldn't be in the NBA; he's only averaging 2 points a game.
by RexRacer July 10, 2008
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