almost same as VIP but this time the meaning is "very important gay". Famous gay people use this word often.
Don't you know who I am? I'm VIG!
by parachute123 January 23, 2011
33% of an amount collected is the usual "Vig" if the person that is owed the money would have lost it had it collected by a "collections specialist".
Franky finally collected the $100,000 that Joey lent to Mario, now Joey owes Franky $33,333 as the vig.
by Davide Boom Bats October 15, 2008
VIG (Like big with a V "VIG")
insted of saying " hay thats cool" you will say "hay thats vig" or say dang look at thats girl,boy looks good, you would say "yea he or shes vig". your vig
insted of saying " hay thats cool" you will say "hay thats vig" or say dang look at thats girl,boy looks good, you would say "yea he or shes vig". your vig
by jsc1938 October 18, 2009
VIG stands for Very Important Gay. A very important gay doesn't have to make any restaurant bookings in advance as they get the best table by just showing up. VIGs can be found all over the world but tend to particularly like big cities where they can share their status with other lower class gays. VIGs can engage into conversation with practically anyone but be prepared to hear about them and their story by sipping paid for champagne. VIGs as EVERY PERSON are unique, special and sensitive. So if you happen to meet one of them consider yourself lucky.
What are we doing tonight? Every place in the city is practically booked.
Don't worry, I'm a VIG we just have to show up.
Don't worry, I'm a VIG we just have to show up.
by Jan VIG February 20, 2022