dude who has the money but uses it for all the wrong reasons. Like using his money to buy his girl's love, etc. - lady gaga-paper gangsta
"don't want no paper gangsta...yeah the dinners were real nice until your diamond words turned into ice"
by coolestkidinschool November 27, 2008
Someone who's got the flavor, but don't have no follow through.
Stefani: He sure acts like he can take care of me, with his homies backin him up. But when it came down to it, he ran like a bitch.
Nicole: What a wannabe.
Stefani: I hate them paper gangstas.
Nicole: What a wannabe.
Stefani: I hate them paper gangstas.
by speakslow March 19, 2010