A play on MTV. The kind of television programming that you don't plan on watching, but find yourself watching when you need to do something else. Television programming of no real substance and no educational value. Not because of a lack of something to do or motivation to do something else, you wind up watching.
Originating from 'L Plate'; a square white sign with a red letter L on it, displayed on the back and front of a vehicle driven by a person who is learning to drive in the UK. L Plates are removed from the vehicle once the person is a qualified driver. See l-plate
Consummate means 'perfect and complete in every respect' or 'having all necessary qualities.' Therefore, consummate V's are perfect and complete V's, having all necessary qualities of a V, namely an evenly pointed bottom and straight, even sides.
STRONGBAD: "I said Consummate V's! CONSUMMATE!!! {shakes his head} Geez. {walks away muttering} Guy wouldn't know majesty if it came up and bit him in the face...."