from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A highly sought-after and fancy example of something, usually referring to inanimate objects.
A slang phrase coined by Thomas A. Dorgan. The phrase became popular in the U.S. in the 1920s, along with the bee's knees, the cat's whiskers (possibly from the use of these in radio crystal sets). In the 1920s the word cat was used as a term to describe the unconventional flappers from the jazz era. This was combined with the word pajamas (a relatively new fashion in the 1920s) to form a phrase used to describe something that is the best at what it does, thus making it highly sought and desirable. Similar phrases that didn't endure: the eel's ankle, the elephant's instep, and the snake's hip. (Wiktionary)