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Something that is new to you, but that has infact been around for a long time.
Owen: "Dude, I just discovered this awesome newold trance song from the 90s"
Tweak: "Holy shit, trance sure ain't what it used to be!"
by Junkie Crack Pipe July 08, 2010
Ghetto, pertaining to the ghetto
I can't tell if that guy has a limp, or if he's just new old.
by Tom Cook March 24, 2004