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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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