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An Assbadge is a person who not only acts like an ass, but is proud of it. Thus earning them the Assbadge...
"hey man, did you see Mark Skaife crying over getting beaten by Russell Ingall?"

"yeah man, Mark Skaife is such an assbadge"
by BradG April 07, 2004
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A funny/weird badge of choice awarded to the person getting the most ass in a set group of friends that is agreed to be worn at all times until they are "dethroned" by another member in the group.
I'm getting the Ass Badge tonight!
by Downtown Girls June 19, 2008
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