Term referring to person embracing the the casual vagrant look as a fashion statement. Heavily influenced by the homeless dwellers of the city in question. Quite popular in various parts of downtown New York City (Lower East Side etc.), Williamsburg. Its recently gained popularity in certain areas of London (Bermondsey, Brixton, Camden).
Have you seen those LSE students? They look so Vagrant Chic! I wonder where they shop.
How does he pull off the vagrant chic look so well?