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Oh, I always get yummy demerits! 

Words yet to be uttered by the true master, but currently are shared with enjoyment between memers.

The ‘oh’ part shows the enthusiasm that will go into this phase, and ‘always’ shows it happens often.
Person 1: ‘Oh, I always get yummy demerits!
Person 2: Haha, nice one! I wonder when our true master will give in and utter them...
Person 1: agreed.
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demeritocracy 

A system of government built upon inadequacy, underachievement and failure.
The Trump White House is a symbol of our wider demeritocracy.
demeritocracy by Dr Bunnygirl September 9, 2018
A mark against a person's record because of an offense.
"My first class is biology. I can't find it and get my first demerit

for wandering the hall"
Demerit by KingOfGaming October 15, 2014

demerit point 

demerit points are lost when a driving offense is committed. ie. speeding, driving through a red light camera, drink driving etc.

But in a colloquial context, that of V plates, they refer to other sexual acts that have been committed (apart from the big one). comparable to 'the bases' or 'scoring'.
1:"Do you still have your V plates?"
2:"Yeah, but i've lost a couple of demerit points tho... ;) "
demerit point by tehlia November 9, 2010
"You smell like a real demerit!"
Demerit by rorbortao January 13, 2010
An annoying son of a bitch who thinks he is cool and actually is if you find a Demerius keep him for laughs
Yo did you meet the new kid Demerius

No I want 2 tho
Demerius by Urmomgay21 January 3, 2019
An annoying kid who thinks he cool and is he is normally really funny so I suggest to stay with him (he also normally has. A good shoe game)
Yo Lisa did you meet the new kid Demerius?
Lisa “what no I want to meet him”
Demerius by Urmomgay21 January 3, 2019