Today it means what poseur meant in the 70s/80s - an insult for pseudo intellectual young people who claim to be into obscure pop culture of the past and are into co-opting cool stuff, and adopt white trash chic like trucker hats or Pabst Blue Ribbon, While being a 21st century hipster is preferable to being a gangsta, wigger, or yuppie, it's still nothing to be proud of today.
There is a book called "The Hipster Handbook" that made up fake "hipster" slang thinking that someone would fall for it
The only thing in common between the hipsters of the mid 20th century and those of today is that both are associated with New York City
Julian Casablancas is an example of a 21st century hipster
the arts: fashion, music, literature, fine art. said things are more hip if they are foreign. when discussing music, must claim to prefer oldest album to show that the discovery of musician was not recent. favorite writers include Fyodor Dostoevsky, Jack Kerouac, Jean Paul Sartre. wants to major in art or philosophy, then travel the world.
academia: politics, history, current affairs, pop culture. must heavily mock conservative Republican politicians. criticizes historical events and mistakes while discussing and criticizing current national and world affairs. makes approximately ten obscure pop culture references per minute. virtually a human-wikipedia.
pastime: attends shows, creates abstract art, discusses foreign policies, quietly drinks coffee at Starbucks while reading Animal Farm and listening to A Tribe Called Quest with large headphones. often brings along Macbook to update Flickr with warm-green-tinted photos of friends standing in wheat fields. carries cheap wine around at parties and drinks straight out of the bottle.
hipsters deny that they are hipsters and mock other hipsters for being hipsters. most everyone who can define the word "hipster" probably actually belongs to the hipster subculture in one way or another.
hipster2: okay. i'm already annihilated
Other Person: Hipsters.