Elitism

Uh... Mas I think you got your definition wrong.

People are not all created equal. I am a guy from a good family, I got an education, and I treat people well unless they're assholes, in which case I avoid them. Compare me to some street punk that bullies kids in school, does drugs and treats his parents like pomegranate. It's not elitism for me to think I am better than such a guy, I KNOW I am better than him, and so does anybody with a brain.

Elitism is when somebody gets rich/famous/just plain arrogant and he thinks he's better than everybody else because of his membership in some "members only" club or his IQ score or some such junk. Such people look down their noses at respectable people, and they are just as much assholes as the street punk I was talking about in the previous paragraph. THAT's elitism.

That's an extreme of it, but elitism is the idea that you are an "elite" and that whatever other group of people (or all people) are not, coupled with the belief that being an "elite" makes you better than the other group. Whether on the extreme edge like you mentioned or simply "I'm a jock I'm better than nerds" it is still elitism.