The term is used ironically to describe a trivial problem which doesn't even compare to an actual Third world problem.

Only people who understand irony would get this.
Julia "My hair dryer has hair broken"

Robert replies "Oh well, third world problems"
by Gracie37 August 12, 2017
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A level of hunger so extreme that the individual begins to feel as if they are in a third world country.

This may occur in the wait time between order and delivery or directly after eating an unsatisfying meal.
Matt: "Hey Did you order pizza yet?"
Austin: "I called an hour ago and they said it would be forty minutes"
Matt: "I am freaking out man. I am third world hungry right now."
Austin: "That seems like an inappropriate but perfectly descriptive response to this situation"
by chubbylumpkins November 3, 2011
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Nigga 1: y'all here they addin' KFC to Nigeria?

Nigga 2: Man, we won't be no third world country anymore!
by TheOfficialBigBoyXL December 9, 2014
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The decline of the United States of America as an industrial, political, and economic leader.
From Canada´s border, down to the Patagonia, there is now a united Third World America.
by rperazag August 15, 2010
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(1) A female from an origin of poverty and financial ruin.

(2) A Derogatory word defining a Female without the money to purchase the latest fashion. Usually a Female wearing Thrift store clothing, or clothes bought from a second hand store.

(3) A Female willing to do nearly anything for little cash. Up to and including giving Happy Endings
Man, I need a "Third-World Girl" so's I can have a Happy Ending

Hey, Whose that "Third-World Girl" I saw you with last night?
by FriscoTheNavajo September 3, 2009
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Countries that have a very poor economy and have suffering people in them. For examole, North Korea is a third-world country. It is lead by an idiot who is allies with Saddam and the people there eat dogs because they are starving. Sometimes a counrty can go from a first or second world country but then become a third-world-country, such as Iraq. Before Saddam became dictator Iraq was dong pretty good but Saddam messed it all up.
by Anonymous July 12, 2003
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