Hip, modern, in, funky or cool.
This expression stems from the 1988 Tom Hanks movie Punchline, in which the character called Albert Emperato played by Taylor Negron, uses it to refer to anything cool.
That jacket is very hip, very cool, very Shaka Zulu.
To upset, put out of whack,irritate, or perturb
That customer service rep was rude; that really honks me out.
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