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Champagne Punk 

"Champagne punk" simply infers that it is punk of the highest calibre, deriving from the saying, "a champagne moment" that means a very fine moment indeed. More often referred to in terms of comedy, for example David Letterman's fan site is called 'champagne comedy'.

"Champagne punk" (adjective) should not be confused with Chardonnay Punk(group noun). Champagne is a symbol of celebration for the middle and lower classes, whereas chardonnay which is traditionally associated with the upper classes has been used derogatorily to describe rich left wing persons that self-identify with the working classes, i.e.: "That chardonnay sipping hippy!".

This confusion is somewhat understandable due to the existence of the term champagne socialist, however because most punks do in fact come from middle class backgrounds, the comparison doesn't stand up on close examination. To confuse these two terms is not necessarily indicative that one is a dumb punk. However, it would be more accurate to instead refer to particularly socio-economically disadvantaged people who are members of the broader punk scene as gutter punks, to avoid ambiguity.
"That show rocked."

"Champagne punk at its best, mate."
Champagne Punk by Megapossum October 26, 2018
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Champagne Punk 

Any punk or hxc kid that comes from a rich background.

Some of them make up for it in ways, like getting away from living off of their parents money.

The majority, however, are much like Trustafarians (trust fund kids in the hippie scene) in that they rub shoulders with subculture that is less than affluent while having no real world problems themselves because they have infinite money via parents.

Some members of bands in the punk and hxc scene are champagne punks.

These people are fakes. If they are male they usually are womanizers and phony tough.

Champagne Punk is a play off of the phrase "champagne socialist," which is used to describe people who espouse the tenets of socialism while not living them. (if you are a socialist and rich you aren't sharing your money with everyone around you, you are just saying others should while you keep living the lifestyle of a capitalist)
"How does Joe afford to have an iphone without a job?"
"His parents pay all of his bills. He's a champagne punk."

"It must be nice to be able to go on tour and not worry about the future because your parents support your ass."
"Oh, to be a champagne punk."
Champagne Punk by SHARP FOREVER August 2, 2012
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