There have always been stupid memes and injokes on the Internet. Usenet had them in spades, forums had them, and now Reddit, Twitter, and Facebook all have them. They weren't always in image format, as image hosting wasn't as easy back then, but there is no real difference between sharing a Wojak meme to describe a certain situation and repeating a Bash.org IRC quote.
OP is annoyed with the fact that today's kids have had different experiences than him and are making memes and injokes that don't make any sense to him. It happens to everyone at some point. Quoting Grandpa Simpson,
> I used to be with 'it,' but then they changed what 'it' was. Now what I’m with isn’t 'it' anymore, and what’s 'it' seems weird and scary. It’ll happen to youuuuu!
Are the kids still making Simpsons references, or have they all moved to Spongebob references?