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Premium is a usually used in one word sentences. It just means very good or cool. I coined this word in Portland, ME on 3/23/05. I brought it to my school in Yarmouth.
premium by Not Zach V. April 4, 2005
Stems from the word “gas”. Used in plug culture to mean “good shit” or “of top quality”, especially in reference to illicit substances.
Damn bro, that’s some premium herb.
Premium by M/l/tant January 5, 2022
yo premium is the goat
PREMIUM by MACDAGOAT December 2, 2022
A high premium energy drink
Premium by Ayerton November 13, 2023

premium nut bust 

Busting a nut when you stoned is a Premium Nut Bust
premium nut bust by AAP2 January 21, 2021

premium mediocre 

Attempts at being upscale when you have little clue what class really is. An attempt to be fancy, when it's in fact little more than a polished meh. A little splurge to get fancy, when it's flexing a little bit of status from spent money more than achieving a high standard of quality. Still essentially mediocre, but with some fancy frills polishing the appearance without substantial improvement.

Originally coined by Venkatesh Rao in 02017 "Premium mediocre is the finest bottle of wine at Olive Garden." it has quickly spread from Twitter throughout the intarwebz.
"I wanted to impress her, so I took her to a fancy restaurant." "Yeah bro? Like where?" "Red Lobster" "Man, that ain't fancy, that's just premium mediocre."

McMansions are about as premium mediocre as you can get.
premium mediocre by wurmspwn October 24, 2019