The Ned Leeds meme primarily revolves around actor Jacob Batalon's character from the Marvel Cinematic Universe, specifically focusing on a promotional image of him in a formal suit. The meme gained legendary status through ironic shitposting on platforms like Reddit and Twitter, where he was humorously dubbed the 'CEO of Sex.' This absurdist title stems from a viral Google search result parody and has since evolved into a versatile template for awkward situations, unexpected authority, or 'Guy in the Chair' references. Its popularity lies in the juxtaposition of Ned's innocent, friendly persona with the bizarre, hyper-masculine titles assigned to him by the internet, making it a staple of modern surrealist meme culture.