2 published definitions
A sarcastic acronym standing for Mierda, Viejo, Perdimos (Shit, man, we lost). It is used to mock someone who failed or was rejected after being overly confident, playing on the standard sports term for Most Valuable Player.
The MVP was left all dressed up with nowhere to go (quedarse con el moño hecho is a local idiom for being ready for a plan that falls through).
Automatically translated from Spanish
A slogan for the Dominican politician Miguel Vargas Maldonado, standing for Miguel Vargas Presidente. It is used derisively because he failed to win the presidency and did not even manage to become a mayor. (MVP is also a play on the sports term Most Valuable Player, making his political defeat a common joke).
A: Where is the MVP at? You do not hear about him anymore. B: He must be around somewhere with a headache after all the money he spent.
Automatically translated from Spanish
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República Dominicana