A descriptive phrase (originally coined by Gertrude Stein) now used to convey an utter lack of substance or veracity as it pertains to the subject under discussion.
Alternatively, the phrase can be used as a literal absence of a physical location.
Bush and Cheney keep screaming about a link between Iraq and al Queda, but there's no there there.
I went searching for Atlantis, but there's no there there.
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