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(1) A person who acts like a complete irresponsible moron one night (such as getting blasted drunk, gambling away a couple mortgage payments, dancing half naked on a bar) and, the next morning, annoints himself as such.
Someone else cannot annoint a King, subject to a rare exception.
(2) An exception to the self-annointment rule occurs when someone is an absolute total douche bag, and calling him such simply won't suffice.
(1) Q: So Mike, what did you do last night?
A: Oh, you didn't hear? I got hammered and spit food all over Mothers bakery. Then I went to the Casino, was up three thousand, but lost it all and another three thousand. I was King of the Douchebags.
(2) Kevin: Man, that guy with the sunglasses and diamond earrings is a total douche bag.
Mike: No, he's KING of the Douchebags.

by Kevin Muscoreil August 07, 2007
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