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Some jive ass internet from the 90's, back when clowns were rockin 2 phone lines to use the world wide web instead stealing that shiz from their dumbass neighbor that can't seem to figure out how to put a password on their shit. Unfortunately, some zip lock bags still use this shit for on-line gaming and ruin your entire experience, forcing you to call them out on their weak ass game and excuse for an internet.
Guy 1: I was balling out on some fifa until this guys connection went all AOL 4.0 on me
Guy 2: Shiiiiit, did LosDicenme24 strike again?
Guy 1: Yeah what a briar.
Guy 2: Man if I wasn't holding down Jacky's fine wine and spirits, I would have taken that jive ass zip lock bag down at least 2-3 pegs.
AOL 4.0 by The Earthquakes March 11, 2012
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AOL4.0ldschool 

Adjective.

When something, usually computer technology, is immensely outdated or lagging behind in graphics and/or other features so that it resembles the early versions of the America Online browser.

It can also be used when referencing old television shows, movies, car models, etc. and can be conveyed in either a positive or negative light depending on what is being discussed.
Steve: I just got finished playing Half Life!
Bill: Man, that game is sick; isn't Ravenholm creepy?
Steve: What? I was playing Half Life 1.
Bill: Are you serious? That's AOL4.0ldschool, man.
AOL4.0ldschool by Mister A. March 23, 2010
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