Originated at KCDS (then KA). Originally used to describe Michael Kelly.
A term of endearment.
Also see Sabulous, a more intense, slightly different version of troxy.
you- 'Sup fool
Me- Mrs. H is one CARAZAY fiend!
you- You know it! She's sabulous
Me- More like Troxy. gtg, hit me up l8r.
(hypothetical conversation I realize I said troxy twice, that would not really happen)