1. Being both pimp and important in equal or comparable amounts. Or, being both important and baller.
2. Having a high-ranking or influential pimp position, which commands significant respect.
Reginald never expected his petty ho-slapping and part-time man-whoring to lead him to such a pimportant lifestyle, replete with a stable of fine smooth hos and a baker's dozen of hardwood platinum-tipped pimpcanes.