What is thanks Granddad?

A) Phrase used to express appreciation towards one's Grandfather.

B) Phrase used to express appreciation towards someone whilst simultaneously belittling party A's affection for said Grandfather.

Granddad: Dinner's ready Sam.
Sam: Thanks Granddad.

Du Fresne: Hey dude I totally penetrated your wife last night.
Logan: Oh thanks Granddad!

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thanks Granddad - video