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"Bright Young Things", from the alternate title of Evelyn Waugh's 1930 novel Vile Bodies about affluent London glitterati/party-goers (a la Hiltons/Lohans but slightly less illiterate) Now, via analogy to MJ hit "PYT" the abbreviation has been applied in a wider sense beyond celebutantes, to wit, the little [valedictorian] darlings from Stanvard or Yalumbia who see it as their birthright to be rulers & managers of the universe but lack information about other walks of life, have never lifted anything heavier than a bookbag or lacrosse stick, and are otherwise prestigious [before their time]. Often found at TED conferences, Park City trade conventions, in Barcelona/Prague/Copenhagen for years abroad, in the U.S. DOJ, or at their apartments watching Rachel Maddow, 30 Rock, True Blood, Deadwood, Big Love, Entourage (basically anything from the HBO Time Warner [production office] is catnip to them)
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