Top Definition
1. The buying and renovation of lofts and stores in deteriorated urban neighborhoods by young hipsters. Despite their flamboyant presentations of independence and hipsterness, their rents are paid by their rich parents.

2. An instance of hipstafrying; the condition of being hipstafried.

3. See: Williamsburg, Bushwick, etc.
"Gentrification has very little to do with white hipsters moving into the ‘hood'" - Carmen Van Kerckhove

...Hipstafrication however, has everything to do with it.
by skybloom May 02, 2009

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