The word "pimp" is one of those slang words that can be an insult or a compliment, depending on how you look at it. In hip-hop culture and now in more mainstream culture (i.e., MTV's "Pimp My Ride"), you may hear someone describe a car or a person as "pimped out," meaning it's decked out or done-up. In other words, it looks really cool. But something that's pimped out can border on being gaudy, which is why some people use the term negatively to say that something is "too much." Everyone's got their limits...
Originally, the word "pimp" was used to refer to a male owner of a brothel (whorehouse) or a man who procures prostitutes for customers and takes a cut of the pay...and is often abusive. Pimps are all over the movies, especially the Blaxploitation films of the '70s like "Shaft" or "Coffy," in which they're portrayed as flashy dressers. In a parody of the genre, the pimp in "I'm Gonna Git You Sucka," actually wears clear plastic platform shoes with goldfish swimming inside. Presumably, it's because of these outrageous outfits that the word "pimp" has come to be used as a way of describing something souped up and cool.
