The usefulness of this word is you can talk about a girl you're about to shag around many people, even right in front of her haha, but because VIP is already commonly used to refer to a Very Important Person, she won't notice that you are bragging/divulging sensitive information.
Very diverse usage.
Bro: Boss, bro, boss
Hoe: Hi! My name is Kandy!
2) Variation In Production.
Used in electronic music (such as drum and bass or breakbeat) when a producer remixes their own track. A VIP uses major elements of the original version but differentiates the track as a whole.
2) "Red Mist VIP" by Danny Byrd is sick! It's perhaps even better than the original.
This occurs when drum and bass/dubstep (and probably other types of dance music) producers bring out a different version of the same track. The purpose is to surprise the crowd with something different but memorable. Usually only tracks that were originally popular get the VIP treatment.
It is not the same as a remix, which changes the original track quite significantly, sometimes only keeping a few elements of the original song. Quite often remixes are a different genre entirely.
A lot of VIPs are never released commercially, and are instead given solely to DJs to play out.
Raver: Ooohhh shiiiiit, VIP!!! bullet bullet selectaaaaaaaaarrrrgggh!!!