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1. Used to contrast something of the present with something of the past that it superficially resemmbles.

2. Used to contrast the current incarnation of something from its past or 'classical' form.
Dude #1: Man, I hear they are putting apples & milk in MickeyD's Happy Meals now.

Dude#2: No way!

Dude#1: Yeah, it's not your daddy's Happy Meal anymore.
by UrbanWebster's July 27, 2011
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