Peasant oringally refered to the lowest class of society often small farmers, tenants, laborers who had to do hard manual labour to earn a small wage. They lived in poverty.
It is now used as an insult as well. The suggestion being the person or thing being insulted is simple minded, rustic, crude or of a low status then person who is using the insult.
It is mainly used in Australia.

'Dude, have you seen that person/object/place it is so peasant!'
'Peasants lived mainly on a diet of soup and bread with little meat.'

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Peasant - slang

Any person who believes that console gaming is superior to pc gaming. You can identify most peasants by their young age, high pitched voice, and an odor of mountain dew and Doritos. Take pity on these poor souls and help them to ascend to the glorious pc master race.

console peasant: bro de human i cant c mor dan 30 fps and de xbox one has moar gooder ddr5 ram dan de faggit pc lul get rekt.

glorious brother:... sigh*

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Peasant

A farm worker, usually poor. The most common type of person in a pre-industrial society (usually 66 to 95%), and of the lowest class.

Peasants were/are typically small farmers, tenant farmers, sharecroppers, farmhands, and laborers and invariably rural, living in villages and tending land which is practically theirs but officially belongs to the wealthy.

Usually an insult for dirty, uncouth, unsophisticated people of low status.

Peasants stereotypically have virtually no education, nonexistent hygiene, are conservative, and have almost no rights, despite that their work requires careful planning and that they are not averse to protests.

The peasant woman, her three daughters, and her husband's many kinswomen tended the garden and the livestock while their menfolk toiled in the fields. They had little option but either work until their backs gave out or starve, plus they had to pay heavy taxes for the rich.

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Peasant

An especially pathetic, low to moderate income individual that attempts to inflate their perceived social status by acquiring material goods sometimes associated with their wealthier counterparts - but immediately identifiable as peasants by their attempts to do so.

Peasants often attempt to acquire things like Louis Vuitton purses, lower end version BMW or Jaguar automobiles, large but poor quality solitaire diamonds for rings, new version cell phones, trendy sunglasses, and bottle service tables at nightclubs.
Such individuals typically lack the education or worldly exposure to realize that they actually look like low class impostors to anyone wealthy enough to comfortably afford such high end consumer items.

The women waiting in the free guest list line at the nightclub were clearly identifiable as peasants despite their Louis Vuitton purses and imitation Omega watches.

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Peasant

A person who is inferior to another in a certain area of skill, usu. humorous

You get stage fright? Peasant!

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