Flamboyant, incredibly effeminate male horse from the 1983 TV series, Rainbow Brite. He's scary. And calls everything MAGNIFITHENT. Especially himself.
"I'm STARLITE. The motht MAGNIFITHENT HORTHE IN THE UNIVERTHE. Of COURTHE I can TALK!!"
Something that is very... very... fancy-shmancy. That is totally using the word to define itself but ssh. Umm anyway it is also having to do with something like, ":O WELL!! I see I'm not good enough for this." hoity-toity attitude that is had by people in beverly hills.
You want to eat this plateful of caviar and then vomit on your mom, hoity-toity boy?? Huh? HUUUHH?!?!?!