a person who has spent many years aquiring a large range of qualifications/degrees from University or College yet they are still unemployable due to their qualifications meaning shit.
1. James just recieved his bachelor of "something" to add to his docterate in "something else" but he still cant get a job because his qualifications are worth fuck all in the real world. Now he is going to collect welfare and become a hippy 30 year old student. hence an over qualified unemployable