A very strong mixed signal from an industry association, particularly in the performing arts, given to a long-established figure. It is simultaneously a heartfelt pat on the back for a splendid career, and a forceful hint that said career is now over as far as the industry is concerned. Something like receiving a really meaningful hug while behind guided very meaningfully toward the door.

The standard measurement for fun. The Lifetime Achievement Award is the highest form of fun achievable.