What do you guys think about 'Hypebeasts'?

I never learned what a hypebeast was until recently, for you guys that don't know, here's a, rather long,definition:

A hypebeast is a slang for someone who is a beast (obsessed) about the hype (in fashion), and will do whatever it takes to obtain that desired hype. The term is meant to be derogatory by ridiculing of such with a lack of style. Hyped up brands sell their products for a price more than the average clothing company and can be seen re-sold along the internet for a price much greater than retail due to the fact that it is either exclusive, or somewhat limited. Yes, even when it was worn.


Many brands include Supreme, Bathing Ape, Billionaire Boys Club/Ice Cream, OriginalFake, and many more related to streetwear. Hypebeasts buy their clothes for the logos and brand-name and completely ignores the fact if they personally like the item or not. In general terms, they just buy whatever the brand puts out and dresses to impress others by what brand-name he/she is wearing.

Yeah, personally I just think they attention whore and spend ridiculous amounts of money on crappy clothes n stuff.
Let me know your opinions vvv