This is typically a point of view where you are a third party looking on with hilarious admiration at a situation unfold that is a complete clusterfuck.
"IBM said everything wrong in that meeting. Listening from the phone it was clusterfucktabulous!"
by Icewater May 12, 2006
1 more definition
An optional answer for someone involved in a clusterfuck when they're asked how it's going.
"How it going with that project?"
by Shockman February 22, 2006