A slang term used to express an unwillingness to do something.
Also; Skip that noise, Skip your noise, Skip their noise, etc.
Person 1: Hey, I heard Stephenie Meyer is coming to sign books! Wanna go see her with me?
Person 2: Skip that noise! What are you, a faggot?
Party Host: Who wants to play Scategories!?
Party Goer: Skip this noise, lets go to a bar.