Something old and tired that has been dressed up with a superficial improvement to make it look like it's something newer and better than it is.

Derives from "The Simpsons" episode in which a new women's role model doll designed by Lisa Simpson was ignored by a throng of girl shoppers in favor of a Malibu Stacy doll featuring "New Hat!"
The iPhone 5s is nothing but the iPhone 5 with a new hat.
by HatMan34 November 20, 2014
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When you and your lady are having a good date and things are normal, when she busts out some Bugles and puts one on the tip of your penis.
“Bro my girl is so kinky! Last night we tried a New Jersey Finger Hat and it was amazing. She even ate it afterwards!”
by J0hn_D0e October 10, 2019
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