Originally inspired by the movie Zoolander, this sarcastic phrase is used to respond to a story that lacks substance, or a story perceived to have no message.
The only way to redeem one's self after having been on the receiving end of this remark is to sarcastically reply "Thanks Olaf"
"... and it turns out that after I talked to her, she didn't actually know my friend."
"Cool Story Hansel!"
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