It is when you have a more modern word for “modernis(z)e”. Hence the word moderninize.
Also if you are stupid and don’t know the pronunciation of “modernized” you accidentally say this while having a smart conversation with someone even smarter. Like when looking at a painting in a museum.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."