1: When someone fails, and "fail" is too harsh of a word, you can use failbug instead.
2: If someone fails but in a cute way and/or is cute/adorable.
Girlfriend: I just slipped and fell on ice :(
Boyfriend: Aww its okay my little failbug, i still love you.
Girlfriend: hehe thanks, but you are the failbug in this situation :D
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).
Precedes or follows either a gratuitously disrespectful or honest remark, originated in New York City. Used in similar fashion to "no offense" or "to be honest," interchangeably.
Ya mans is wild buns, respectfully. Respectfully he's washed.
After school, The Modells on Jamaica Ave was active. Respectfully.