The acronym is generally used to title a man with the highest degree of awesomeness possible. Originated in Santa Clara, CA by two BABLPDMF!W?
The "WHAAAAT??" is added in for dramatic effect.
The acronym cannot be given to those who are not as badass, as boss looking, as pimp daddyish, mother fuckers as the original BABLPDMF!W?'s.
Dash: Yeah dude, full 2400.
Panther: Shit man, you're such a BABLPDMF!W?!!!