1. Tasty chocolate like treat. Sits in stomach best after eating good warm meal and while sitting in comfy chair whilst visiting with whom ever may be there to cause such a wonderful event as fudge.
2. Articulate version of the highly popular yet extremely vulgar word fuck.
You: "Oh fuck I hate it when that happens!"
Your mom: "Oh my God! How could you say that? You're grounded for a month!"
You: "Oh fudge I hate it when that happens!"
Your mom: "I'm sorry dear... The fudge is ready."
You: "YAAAY! Fudge!"