In this porn video tag, "hot" is an adjective to describe the attractiveness or appeal of the performers. "Blonde" refers to the hair color of the performer(s). Lastly, "shemale" is a term used to refer to performers who have male and female characteristics or are transgender individuals. This tag describes a video featuring a hot blonde shemale performer, which could be either an individual with both male and female features or a transgender woman with a penile structure. The target audience for this video would likely be those interested in adult content involving blonde performers and shemales.