A privileged, wealthy or born into wealth person who exudes an air of obscene and arrogant superiority while demonstrating their true and laughable ignorance as an A1, top-of-the-heap asshat.
Heir to the family fortune, his status as a 24 carat asshat is easily recognized by all who come in contact with him.
Something you find when under the influence of alcohol, that seems fucking amazing at the time. But when you wake up in the morning is actually quite shit.
-Laurence finds a bottle cap.
Laurence: Guys look! Someone dropped two quid!
James: Its a bottle cap, you ass.
Gregg: Yeah. That certainly was a 24 carat llama nugget. You wankpotshitgay.
when someone is led on to think they are getting engaged, a faux engagement
No one deserves to have a dangled carat. He acted like he was going to pop the question but instead he dangled carat. Nothing is worse than a dangled carat