A word used to confuse the hell out of someone else. This is to cause them to ask someone else what it means and the other person replies what the hell are you talking about. Ending in making fun of the person who asked repeatedly.
Kendra: Hey whats wacatoning mean?
Other person: Wacatoning isn't a word. What are you talking about?
Other person: You seriously thought wacatoning was a word. HAHAHA.