Author's quite the judgmental bastard with a strange definition of nerd, but yeah most people ITT are just riffing on the title. It's a bit too prosaic to expect most people to read it in full though, but you get the gist after the first minute or so.

That said I get the reason for the title, "Hipster watches as the consoooomers meets the same fate his people did many moons ago" is far less catchy.