The "rank" someone achieves after having sexual intercourse with a little person (e.g.: dwarf, midget, etc). The insinuation is that very few individuals can claim to have had sex with a little person, just as few people can claim the BSA rank of Eagle Scout.
"Did you hear that Dylan made Eagle Scout?"
"How? He's not even in the Boy Scouts."
"He totally fucked a midget at Coachella last night!"