It seemed somewhat plausible or serious to me because "ultimate" is slang for "really cool" in India. (At least it was when I was growing up; who knows what the cool kids there say these days.) But I was puzzled because I've spent the majority of my adult life in North America, and never heard "penultimate" used that way.
> The word penultimate as a slang word seems to have worked its way into common parlance thanks to the slang use of the word ultimate. As a slang term, ultimate means cool rather than last. So the hipster logic may have concluded that if ultimate means cool, then penultimate must mean super cool.
https://minnesota.publicradio.org/radio/podcasts/grammar_gra...
I assumed the parent was making a joke that something like this would be the case. Turns out it really is. "Never underestimate the stupidity of..."