Grandfather's old axe

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Grandfather's old axe is a colloquial expression describing something of which little original remains: "it's had three new heads and four new handles but it's still the same old axe."

Another variation is "Grandfather's old broom", with identical derivation; the phrase has also been used in banter as in: "This is George Washington's original axe...", perhaps when holding up a patently new axe.