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playground pimp 

1. A very young male who attracts many young females. Used a somewhat of a compliment.

2. An older male who exclusively dates girls that are too young to be dating. Basically used to refer to somone as a sicko pedophile loser who can't land girls his own age.
1. "Damn, little Jimmy gets all the fine bitches. He's a playground pimp"

2. "Did you see the 12 year old Dave brought to the party? That mother fucker is a playground pimp."

Pimp on the Playground 

A grade-schooler (preferably ages 5-10) that dresses nicely and gets all the girls.
Little Tim will be the pimp on the playground when he wears these clothes.

play ground pimp 

A man over the age of 18 that cannot get a girlfriend that is 18 or over the age of 18 or perfers girls that are still in middle school or early years of high school.
Well did you hear about jeffie? He got caught messing around with britney again. Hey isn't she like 15? Yeah he just like being the play ground pimp i guess.
play ground pimp by charles e.g December 8, 2007