look up any word, like b4nny:
 
1.
When a person says they dont have enough money to pay bills, but go out and spend tons of money on luxury items
Tim: You're $5,000 in the hole on bills

Sarah: I know, but check out my new louis vuitton!!

Tim: You need to stop with this selective debt problem of yours...
by weorujahg January 21, 2010