It started off life meaning somebody who has made it big playing baseball. Now it means whoever uses the word and isn't mocking it is a fucking idiot.
Person1: "That's some baller ass shit"
Person2: " "
Person1: "You don't know baller when you see it bitch?"
Person2: " "
Person2: " "
Person1: "You don't know baller when you see it bitch?"
Person2: " "
by The Definition King October 2, 2006
Get the ballermug. by GIGGLES March 6, 2005
Get the ballermug. Me:I am a true baller
DOUG:Wat u mean by that.
Me: Well what word comes to mind when you think of me.
DOUG: idk, FLY.
Me: C, a baller makes everythin they do look fly.
DOUG:Wat u mean by that.
Me: Well what word comes to mind when you think of me.
DOUG: idk, FLY.
Me: C, a baller makes everythin they do look fly.
by Air Jordan June 12, 2008
Get the Ballermug. Risk Taking Entrepreneur, with a gay but keen sense of humor, the baller ignores peasants and makes his way in life without regard for conventional fears and restrictions.
by GalaconBitches December 19, 2013
Get the Ballermug. Another word used to describe someone who plays basketball. Can also be used to describe someone who has a large amount of money and has nothing to worry about.
by Joshiro007 February 15, 2003
Get the ballermug. 
I got schooled by those ballers.
by Rodney Basil October 24, 2003
Get the ballersmug.