Mili Pili is literally the Spanish abreviation of the female names Milagros and Pilar (especially argentinean spanish). It is used in a despective and derogatory way to refer to millenial teens who tend to have an extremely clumsy and naïve point of view about different topics on life, or whose lives evolve around silly and unrelevant things, such as wearing brand clothing or being the most popular girl at school. In all, it's a way to call a girl 'stupid'.
"Me compré un BMW y ahora todas las Mili Pilis quieren salir conmigo"
("I bought a BMW and now all the Mili Pilies want to date me")
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