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1.
Employer euphemism meaning "over 40", used to circumvent age discrimination laws.
Interviewer: We can see that you have built up quite an impressive and varied resume. Unfortunately, we feel that you are overqualified for the job.

Translation: You're too old. We can get a recent college graduate who will be happy to work 80 hours a week for half of what we'd have to pay you for 40.
by DrSamba March 06, 2010
 
2.
An excuse used by employers to not hire potential employees, usually causing a stagnant economy with high unemployment and poverty levels.
We cannot accept your application as you are overqualified.
by FreeFragSGS April 16, 2009