The story
Blend of trust fund + Rastafarian.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: Someone who espouses an alternative lifestyle, but lives off inherited wealth. A young person with the fashion sensibilities of a hippie, or any other countercultural trend, especially anarchism, Maoism, or punk rock, who subscribes to an unemployed, shiftless life of hedonism based upon a substantial amount of inherited money (a trust fund). Full definition →
Blend of trust fund + Rastafarian.
Etymology from Wiktionary, CC BY-SA 4.0.