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
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