1. Sarcastically graceful or stylish in appearance or manner, so really neither actually graceful or stylish at all.
2. Really a way to make fun of something for being tacky by acting like it’s awesome and classy.
Ex: We can buy this sparkly, blue cat sweater for general elegance.
Origin: Borrowed from Tracy Morgan, from while on SNL, who refers to a leather tweety bird jacket as being “for general elegance.”