A showboating flamboyant rapper from the early nineties. In 1990, off the back of a few lame songs, MC Hammer bought a $12million house and a fleet of luxury cars. Six years later, it all got reposessed when he declared himself bankrupt.

Can be used to describe anyone who optimisticly flashes the cash only to lose it all due to their over-optimism.
As soon as he got a promotion he bought a Ferrari, big house and some artwork expecting to get promoted again and pay it all off before he was 25. But he instead got fired for crashing the car into his Boss' 1980 Rolls-Royce Phantom VI state luaderlet convertible limosuine while showing off.

Now all his shit got repo'd, his phine bitch left him, and he lives with his parents.

by Gumba Gumba April 07, 2004
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To have sex with a woman during her menstrual cycle, hence the name. M (enstrual) C (ycle) Hammer (well, duh, i hope i don't need to explain this one)
He figured it was all right to give her an MC Hammer in the jacuzzi.
by m00 November 15, 2004
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Once a successful raper, now a TV Preecher
Stoners watching teh church channel noticed a familiar face, MC Hammer!
by Joeeeeeeeeeeeeeeeeeeeeee December 07, 2003
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Name used for someone who is: severely in debt or bankrupt.
Originated from rapper MC Hammer, who is now doing TV shows on PAX TV and numerous amounts of DJ-ing for High School functions and birthday parties.
The boy is white. He swaggers like a rapper, but sucks at rapping. His family is also in credit card debt up to their necks. The boys and girls in school call this boy "MC HAMMER".
by Brandon Brown March 20, 2005
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