Something that is poinless, boring, worse than what was expected, a waste of time, and/or is awesomely bad. It is a mixture of the word "craptastical" and "horrific". This is usually accompanied by a sarcastic sunny disposition and sometimes two thumbs up.
Peyton:Dude, that movie was lame as balls
Megan: totally-like yea, it was craptasticalrific!!! :D lamedumbwack