Someone who is successful at a video game (or similar activity) in local play or within their circle of friends, but is easily defeated by actual good players. The term is most likely based on the typical horizontally-arranged tier system, in which the lowest tier is the " basement ", and the best player of that tier is it's " king ".

A cultural and aesthetic mind-state that prioritizes making money, even as an “underground” or “radical” creator. The work isn’t made for money, but it’s the money that matters the most.