Where the young generation in a family adopts and purchases new technology product at a fast rate, and old versions (that are in working order but are not up to current standards) of that technology product are given to the parents or older generations of family.
Commonly occurs multiple times on commodity technology gadgets, leaving your parents with many gadgets to play with.
Called 'hand me up' in contrast to 'hand me down'.
Computers: having purchased a new computer to replace my 'slow' computer, I have given it to my grandpa to use. Thus the computer is a 'hand me up'.
In celebration, when one person goes for a high five and another goes to pound it (fist to fist). A slight moment of confusion occurs, normally resolved in two to 20 seconds.
When Fred and Steve went to congratulate each other for scoring with twohotties, a hand hold up occurred.
Opposite of hand-me-down, whereby an item of clothing is given to the parent by the offspring if it no longer appeals to the offspring because it has either become ill-fitting or no longer appealing.
Scott was thrilled to receive a hand-me-up in the form of floral but manly shirt that did not fit his son Brad any longer and to whom he found it also unappealing and past its fashion statement status.