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MVP (acronym) Type: noun, slang, acronym Pronunciation: /m-v-p/ Also spelled: M.V.P. Plural: MVP’s Related: NBA What does MVP mean and stand for? 1. Most Valuable Player. 2. Most Valuable Poet. MVP in songs: “They chant “MVP” when I shoot a free throw” – Lil Wayne, Ransom. “MVP, shit, this is where the trophies at” – […]