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Since version 1.4 django-pipeline has changed the template tag name, you will have to replace:
{% load compressed %}
{% compressed_css 'foo' %}
{% compressed_js 'bar' %}
With :
{% load pipeline %}
{% stylesheet 'foo' %}
{% javascript 'bar' %}
See http://django-pipeline.readthedocs.org/en/latest/usage.html#templatetags for details.
Source:stackexchange.com