it is an insult. it does not neccesarily mean the person you are calling a virgin ass bitch is a virgin. it just means they are very lame, only talk about school and homework, have lame friends, dont live life the way it was supposed to be lived. ugh.
acronym: v.a.b
*over hear conversation*: "and it dropped my grade from a 97 to a 95 and I'm really upset I have to get my grade back up."
Mila: Omg, shut the fuck up Lily: She's such a v.a.b
Arielle: Ha, virgin ass bitch group holla
Amanda: I broke up with Andrew last night.
Linda: Why, because he's such a player?
Amanda: Yea, that and he wanted to take my assvirginity!
Linda: Owwwww...Did you let him?