Sentence:  Yes, those hard-partying jet-setters known to American wags as <WSD>Eurotrash</WSD>, who flocked to New York City by the Concordeload in the 1980's sporting black mock turtlenecks, leather pants and sometimes dubious aristocratic titles, are back on the town. 
Meaning of the word marked with <WSD> tags:  A European expatriate or visitor to the United States lacking a work ethic and focused on entertainment or leisure.