bunyip aristocracy

/B AH0 N Y IH1 P EH0 R AH0 S T AA0 K R AH0 S IY0/
noun
  1. 1

    A peerage (hypothetical or proposed) in Australia; the new (in the colonial era) landed rich aspiring to aristocracy; snobbish Australian conservatives.

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Source: https://en.wiktionary.org/wiki/bunyip%20aristocracy