When you are so excited about something but "hallelujah" just won't cut it. Basically this means the same as "Hallelujah!" using the word 'Fuck' to emphasize the action.
Kim: "Do you have to work tomorrow?"
Sandy: "Nope. It's almost 5:00 on the Thursday of a long weekend! Hallefuckinglujah!"
When you used to drink excessively, but then stopped for a few years and now you can get drunk on just a small amount of alcohol.
"Wow Kim, you only had 2 drinks! You are such an alcosmallic!"
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