"whats going on?", or "what's up for tonight?"
may be used as, "What's really gracious right now shon/B/broseph?"
also, if someone is getting you pissed off and you're about to throw down
as in, "what's really good?
i call Tim and he's like, "What's really gracious?", and i'm like, "You're garbunkin outta control right now!"