Velvet Jones was a character on Saturday Night Live from 1981-1983. He was actually created by the actor who played him, Eddie Murphy, who announced after Velvet's last appearance that Velvet Jones had died due to overexposure.
Velvet Jones started out as selling books and videos for get-rich-quick schemes and educational brochures and how-to videos that would prove pointless, most of which had a trashy element to them, like "How to be a High Paying Ho". He spoke in ebonics and slang, and briefly launched a series of romance novels.