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1.
a word used to describe something that is not working well or is really crap. Derived from a multitude of yiddish words
sam: this is a fakakta cake

Daniel: This fakakta car has broken done again.
by colonial cool November 17, 2006
 
2.
<Yiddish origin> A person or thing who is completely crazy/fucked up.
(example 1) I can't believe your brother drank his own urine. That fakakta kid will do anything.

(example 2) Their house in in this fakakta part of town. Let's just say that you don't want to raise your kids there.
by straightballah June 25, 2007
 
3.
Bad, not working well, "fucking". From German, verkackt(e, er), shitty (Kacke, shit)
Jeff: "What's with your fakakta shoes?" (Curb your Enthusiasm)
by Mardil June 02, 2009