In order to attain this title, you must do at least three of the following things at a party:
-Keg stands without puking
-Go undefeated in beer pong the whole night
-Have no hangover the next day
-Arrive at class/work on time the next day
-Hook up with at least one person you don't know and not remember it the next day
Dude 2: Did he get to class on time today?
Dude 1: Yeah
Dude 2: Damn! He's the MVP then!!
Unfortunately, this term was hijacked by retards who watch Jersey Shore, who now think it stands for Mike Vinny Paul or some shit.
Friend: Mike, Vinny, and Paul?
Me: *facepalm. I don't know why I'm even talking to you