I'm not a specific fan of Rei or CdG at all, but regardless of who he is talking about these are the words of a total up-his-own-ass fashion hag. Essentially he says "I like something that's not at all popular, nobody else understands me, you all think it's awful but I know the truth because I'm part of an elite club with money to waste on frivolous crap! Tee hee hee!" I bet he looks terrible in the clothes he is writing about.
Random and true fact, I met John Waters a while back and we had a conversation about the CdG outfit he was wearing- a double breasted (iirc) navy blue suit and orange sneakers (certain about that part). It was a great look. He was excited to talk about it and liked that someone had shown interest. (0)
He is a nice guy and in that quote he is just having a bit of fun. I wouldn't read too much into it.