any product or service that is cool or trendy; any fashion item or product that is highly sought after; a status symbol; the latest trends in fashion accessories or clothing; a classy or trendy item that is hard to find or fairly expensive; jewlery or accessories that are highly trendy; high quality products or services of any kind favored by the ultra rich and financially superior crowds. Exclusive resorts and expensive travel destinations frequented by the super rich.
That resort is a hot chili; I love that shoulder bag, it is really hot chili right now; those shoes are really on the hot chili list this season; did you see the diamond in her ring? That is so hot chili I can't believe it. She just got back from fashion week Milan; now she has all the hot chili clothes this season.