MVP
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