Help to understand the meaning of the words please?

My friend Doug and I hit Bushwick and Williamsburg. Everyone at the bar at Roberta's restaurant wants a piece of me. "Ah, future!" a German man cries. "We saw you have the Google," a girl from a group of visiting Atlantans drawls. "Can we try it awn?" And then, without warning, I'm talking to young people. We're all squealing, full of childish zeal. We're rubbing up to the future, hearing the first gramophone playing scratchily in the distance. Doug knows a movie producer who recently got Glass and said, "This is as close as I'll ever get to being a rock star." When the VELVET-ROPE hostess at the OF-THE-MOMENT Wythe Hotel bar in Williamsburg stops to take a photo of me with her iPhone, I know exactly what the producer meant

I have came across this sentences and the problem was to explain what these words mean.
Just because I have found velvet-rope only as a separate noun or a verb. But I suppose it should be an attribute in this case.
And of-the-moment is braincrashing.

Please, would you explain these two words?

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