What is so glorious about "twinking"?

As an elite mmorpg nerd I notice how this term is used pretty frivolously in PL. The concept, even more so.

It appears to me that when a player devours every morsel of game content they try their hand at PVP. Understanding that PVP is really the last outlet for gaming satisfaction while comprehending they're not very effective at killing a sentient opponent. In other words, you've PVE'd the game dry and realize defeating RL players isn't so easy.

So you've got all the loot you need, you purchase the best gear you can, have a field day fighting against newbies, and someone find your victories satisfying....

Twinking is like college kid being fulfilled for beating a third grader in a 100 yard dash...repeatedly. This is just one common circumstance that seems to breed twinking and I'm just wondering what some other ones might be.

So please, defend your twinksmanship, discuss your twinkology, and explain the satisfaction it gives.