1- to make fun of someone to the point where everyone listening just puts their head down in embarassment for the person being "fried".
2- cracking hillarious jokes about someone whether they're listening or not
3- basically making fun of someone really really badly and it's really really funny.
Girl 1- Nick's penis was so small... I'm pretty sure he pisses on his balls when he has to take a leak.
Girl 2- Damn girl.. you fryin' the helllll outta him.
Girl 1- Shit.. I keeps it real.