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Combination of supreme and premium. Means good, excellent, paramount, top notch, etc.
Person A: "Dude, man, that band was supremium."
Person B: "What the fuck did you just say? What are you, an idiot?"
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A new fad or trend in clothing, or the internet that has been overreacted to an extent, that the words Supreme or Premium cannot cover it.
John: Hey man, look at my fidget spinner, it's fucking supremium!
Jay: You overreact to man, much, it's just a piece of plastic that spins.