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1.
A hispanic hipster. Like a blipster only brown - not black.

Pronunciation can be tricky, but hispsters are too cool to care.
Ramon is wearing an ironic t-shirt of the Ramones. God I hate hispsters.
by Crack is back June 12, 2008
 
2.
A hispster is basically a person of hispanic descent, still living in Latin America but dreaming of living a hipster lifestyle like his idols up north.
A: "You remember my friend Juan Jesus? He's living now in Mexico City but his dream is to live in New York one day..."

B: "Oh, what a hispster douchebag..."
by Cowherd May 15, 2011