A person from Northern El Paso county that is from a high social economic class, that spends money until they run out. After running out of money it never registers in their brain and they continue to spend.
Wow that Monutard just bought a new Land Rover? I thought he just filed bankruptcy?
Derived from "Mongoloid" meaning one who suffers from Downs Syndrome and "Retard" a term given to either slow learners or just general morons, this word is used as an insult to people who do something spasticated.
"John you managed to set fire to your own fireproof boxers you mongtard!"