Source : Webster's Revised Unabridged Dictionary (1913)

Moderation \Mod`er*a"tion\, n. [L. moderatio: cf. F.
   mod['e]ration.]
   1. The act of moderating, or of imposing due restraint.

   2. The state or quality of being mmoderate.

            In moderation placing all my glory, While Tories
            call me Whig, and Whigs a Tory.       --Pope.

   3. Calmness of mind; equanimity; as, to bear adversity with
      moderation.

            The calm and judicious moderation of Orange.
                                                  --Motley.

   4. pl. The first public examinations for degrees at the
      University of Oxford; -- usually contracted to {mods}.

Source : WordNet®

mods
     n : a youth subculture that began in London in the early 1960s;
         a working-class movement with highly stylized dress and
         short hair; listened to rhythm and blues music and
         travelled on motor scooters