It's when a long-running clubbing institution ends, and, the frontrunners of that institution don't realise it's all over. It's commonly identified by that phrase 'that is how it is now'.
alan: can't believe carpark is getting us to get him gear for his party.
rob-e: the young ones will look back on this day when more parked the shark..
alan: i guess that is how it is now...
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