Now that Porsche is owned by Volkswagen, porsches are now porschewagens.
Daddy didn't have enough space in the porschewagen to take the kids to soccer.
Basically the same as "the bomb" or "the sh*t" but for people who think the're too mature to say "the bomb sh*t" but not elderly enough to say "cat pyjamas"
See my man's SL500 Benz? That's the dog's convertible!