look up any word, like smh:
 
1.
When a person has reached such a level of douchebaggery that they have surpassed tool, toolbag, and toolshed, they become an Ace Hardware.
Man, Frank used to be a toolbag, but now he's a freakin Ace Hardware.
by SimpleMindedTed March 06, 2005
 
2.
A tool so great, thus needing to be promoted to the next level of toolness.
Chris is an Ace Hardware.
by snipe7281 December 06, 2008
 
3.
A huge tool/toolshed that is so big it needs to be a hardware instead of a toolshed.
You are toolshed, no ur such a tool shed that you are an ace hardware.
by bigbigbig December 06, 2008