elephant's instep

The best of something, something that is excellent. Originally coined as a sarcastic rejoinder to bee's knees

"How are you?"

"Oh, I'm the bee's knees. The elephant's instep, if you would."

"Jolly good!"

"Right-oh, let us giggle uncontrollably while eating these buttered crumpets!"

"Ah HA ha-ha-ha-ha-HA!"

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