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"With the metaverse, we're no longer restricted by our physical location, but we can all live in the butt."

- Mark Zuckerberg

What is this a reference to?

Back when cloud was the big new buzzword several browser extensions/bookmarklets were created to replace occurrences of "cloud" with "butt".

1_player's comment should have replaced both occurrences of metaverse with butt though.