As in junior varsity, or half-assed, unskilled, or plain old inept.
That dude's jump-shot was J.V.
That art-director's rendering of a elephant was so J.V.
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meaning sub par or less than expected
emma: "hey how was that party last night?"
jill: "it wasn't very fun"
emma: "yeah i heard it was pretty j.v."
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A theory where a man drinks alcohol until he becomes confident to the point where he can get as much sex as he wants with the prettiest women.
Hey Chris! I heard you used the J.V. Theory last night at that party.
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