Comparable (but superior) to the Bee's Knees, the Cat's Pajamas & the Dog's Tuxedo - this idiom is used to refer to the coolest of things. Used by modern hipsters everywhere - this quirky phrase has caught on like wildfire in the hip enclaves of New York, Los Angeles & Hollywood. When asked about this new up-and-coming catchphrase - some have been quoted as saying "its so cool, its the Ant's Banjo."
by Elizabeth Altnew March 30, 2011