An object, device, any product of mankind, which is deemed futuristic, unnecessary, and occasionally gay. Something is often called new fangled by a cranky old man who is spiteful of this new and awesome technology. Types of art can be considered new fangled as well, particularly music (commonly created by young people.
Brian: Hey Grandpa did you see that tricked out roll of tape Jimmy was rolling down the street!?
Grandpa Jones: Hell yes I did! That new fangled device surely cost his mama a pretty penny! In my day we used spit and semen to stick shit to shit!
Brian: STFU D0OD!!!!!!