I'm not sure what the modern analogy would be, because I'm not sure what fashion is widely ridiculed. "Drew a fake tattoo with a ballpoint pen and called himself 90's emo goth kid."

Drew a moustache on his lip and called himself hip.

driving an abomination.

Clipped a tie onto his shirt

and called it sophistication.

In an '83 Mercedes,

Slapped a moustache on his lip

And belted out "Mmmm'ladies."

Escaping covid lockdowns

Bought up all the real estate

And thinks it’s Churchill Downs

buying all the comp'nys

the internet knocked down his door

he said "no that's for phonies"

You're probably thinking of Williamsburg, which the hipsters were priced out of long ago, into Bushwick. Those hipsters are now being priced out to Ridgewood (Queens).

Go into Brownsville and let me know how many hipsters you see.