To describe something that a hipster would find cool,rad,fully hektic or awesome
Sarah: lets take an instagram photo of our food

John: that's hipstercool! Lets do it

Or
Dail: how good is my douchbag moustache

Rusty: that's so hipstercool!
ayon kay Excitement plus ika-08 ng Oktubre, 2012
Referring as the person your talking to meaning You look cooler than ever or you calling them Cool as a hipster guy! This saying isn't offensive at all!
Joe: Dude i look so out of fashion with this wear!

Person: Dude, what are you talking about you look hipster cool!
ayon kay hipsterdude ika-20 ng Mayo, 2013

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