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The current use of Cool Britannia goes back to a Newsweek cover
article of 1996, which rediscovered swinging London. But the term isn’t new. It
is a flavour of ice cream (http://www.benjerry.com/international/britan.html).
It was also the first track on the first LP to be issued by the Bonzo Dog
Doo-Dah Band back in 1967—when Carnaby Street was the epicentre of
swinging London. (LPs were the things that your parents put on the hi-fi before
they had CDs.) There is a history of the band at
http://www.anglia.ac.uk/~systimk/music/bonzos/History.html.