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1. Money that is spent in vain, and upon retrospection, seems to have "vanished," just as a vampire does while looking into a mirror.

2. A song by My Chemical Romance that lyrically examines the vain of earning vampire money; i.e. selling out.
Band Boy A: We just got a record deal! We just got paid $100,000!

Band Boy B: We are so rich and famous!

(two months later)

Band Boy A: It was all vampire money.

Band Boy B: Fuck. We're broke and alone.
by Suburban Decay January 01, 2011
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