Derived from the term "demoted." Used to add insult to injury when someone has been proven wrong in a public manner or to bring much more public attention from an otherwise oblivious crowd to another person’s erroneous assumption or verbal gaff. Basically, another way of saying “Dude, you’ve been demoted.” Often used for either the purposes of ego deflation of a "modee" or self-aggrandizement of the “moder.”
(1980s California version): “Ooooooh, moded!”
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