Formulaic

Irony = Hypocrisy + Self-awareness.

Of course, this only applies to your own irony/hypocrisy, not that ascribed to you from oth­ers — i.e. the irony of a locally famous activist at a hip-hop show nod­ding along with every­one else isn’t actu­ally irony or hypocrisy because he hasn’t staked out a posi­tion either above every­one else or opposed to hip-hop (broadly defined). It’s a dif­fer­ence between oth­ers’ expec­ta­tion and your real­ity, not your words and actions.