Hipster ?????

Is it a noun, adjective, belief, feeling, moral dilemma, state of being?

In the urban dictionary Hipster is defined as :
1- "people in thier teens to 20s who generally listen to indie rock, hang out in coffee shops, shop at the thrift store and talk about things like books, music, films and art."

2-"You, for reading ironic, pseudo-intellectual dictionary entries on the word "hipster"."

3-"Listens to bands that you have never heard of. Has hairstyle that can only be described as "complicated." (Most likely achieved by a minimum of one week not washing it.) Probably tattooed. Maybe gay. Definitely cooler than you. Reads Black Book, Nylon, and the Styles section of the New York Times. Drinks Pabst Blue Ribbon. Often. Complains. Always denies being a hipster. Hates the word. Probably living off parents money - and spends a great deal of it to look like they don't have any."

I personally think anyone who can be constituted as a hipster was probably a very talented artist / musician in High School, who probably had a lot to offer, but not in the "ass-hole popularity contest cool" way. And then these people get a bit older, find more people like themselves, start to be attracted to rust on bikes, clothes with holes, and coffee at 3am. These people are now the cool, set the tone crew, and we are not a part of them....but i respect them.