I just graduated college and I’ve never heard of this. Can’t find anything about it online either.
You can get a functional Apple Watch on Facebook for 50-100 bucks. So not much of a signal for status.
We have much sillier, trendier accessories to choose from :)
Might be just a certain demographic then, there was a viral tiktok with athletes wearing dead apple watches.
Are you not in the United States?
I'm not.
Not every kid has 50-100 bucks avaiable.