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a term usually used in a derogatory manner to describe brand new things, and how sought after and fawned over they are by people who often already have perfectly good items said new thing would be replacing, usually in an attempt to stay hip or cool, be "first on the block," or keep up with the Joneses.
The Apple fanboys always gotta have the latest and greatest, faithfully in line for new iPads and iPhones, even if their current ones are only a few months old and the new ones aren't that much different.

Hayley, you already have 12 Prada bags, do you really need to chase down the latest and greatest?

Gotta love how these spoiled hipsters use their trust funds on the latest and greatest!
by Kuahmel March 10, 2013
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