Now that you've mentioned it, I remember hearing about the term but I always took it as a possibility, especially when misapplying practice, and not a necessary part of the path. My own path so far seems to be confirming this notion of mine so the things you were saying piqued my curiosity to learn more.
Will I become more self-absorbed and grow feelings of superiority as I continue to meditate? I don't know. But I will still try and see for myself.