an upperclassmen who is too ass at their sport to be properly placed on varsity so they must deal with the embarrassment of being put on JV
johnny: dude i checked the school athletics website and i couldnt find you on the basketball roster?
jake: yeah...the bitchass coach put me on JV cuz hes stupid....
johnny: nahhh you are JV warrior thats crazy
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).