No particular meaning, usually said just to gain attention of others or to shock a neighbor while going for a run. Also said in the middle of English class to add some pizazz. Wanna never get laid? then use this word every possible situation that needs an awkward silence.
Teacher: today class we have an assortment of essay prompts and assignments to get through to prepare us for the AP exam.
George: Is there particular ways we can prepare exponentially through working in literature? LOLZASDFGHJKL >(n_n)>
Teacher: Shut up George you're a Faggot.
Tom: Jizz cookie.
Jessica: Tom id rather be a lesbian than have sex with you.