Someone who, although trashy, is also simultaneously fabulous. Often used to describe beautiful individuals who dress incredibly well, but also possess trashy traits; A cigarette-smoking, coked up alcoholic who still knows to match her new lime green Manolo Blahniks with her new fabulous salmon colored silk Chanel dress and over-sized black Fendi sunglasses.
Upon moving to Paris, awkward inconspicuous Jenny finally fell in love with fashion and rocked her Jimmy Choos well, but was often seen puking into side-alley trash bins like common fabutrash.
A person of trailer trash decent with delusions of being fabulous.
Check out that fabutrash at 3 o'clock!!