There's more to Intellectual positioning than signalling one's intelligence, even if the underlying motives are assumed to be more-or-less base. Hipsterism in general is about being ahead of the curve, not necessarily being the smartest in the room. With Intellectual Hipsterism that means being conversant with the latest ideas, not the most complex ideas. To be up-to-date with the latest radical thinking gives one a privileged position in the discourse because the proportion of the group for whom your input seems novel and interesting becomes greater. This puts the Intellectual Hipster at odds with the mere 'meta-contrarian' because a conservative opinion conservatively argued will never be perceived as novel or interesting. The Intellectually hip[1] will therefore argue in favour of a passé or seemingly discredited position using novel (conbinations of) techniques and references, thereby making the retro idea cool again!

--This post sponsored by the IH Institute, Salt Lake City--

[1] http://en.wikipedia.org/wiki/Zizek