1: A more accurate term for "abstract art."
2: "Art" usually consisting of scribbly lines or Picasso-esque, child-like finger painting, and otherwise meaningless, emotionless wastes of canvas over which highly discerning art afficionados "ooh" and "aah" as if they "understand what the artist was saying."
guy1: wow, look at how he communicates his tormented emotion through the use of these bold swirls of mixed paint here!
guy2: dude, it looks like a kid's scribble. this is just abstrash art.