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An alternative spelling of the Yiddish word verkakte that can mean either goddamn or crappy - the literal translation is "becrapped".
"What are you guys gonna do? The same act? Wearing the same farkakte suits?" (From Blues Brothers movie).
farkakte by Where's Mike? January 21, 2008
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.
fakakta by colonial cool November 11, 2008

Ferkakte 

Adj
1. Used as an intensifier: Fucking, friggin', (God)damn(ed), etc.
2. Fucked up, crazy, idiotic, etc.

Originates in Yiddish.
1.Turn off that ferkakte radio!

2.You had better come up with better ideas. These ones are completely ferkakte.
Ferkakte by OrBZ September 11, 2005
Bad, not working well, "fucking". From German, verkackt(e, er), shitty (Kacke, shit)
Jeff: "What's with your fakakta shoes?" (Curb your Enthusiasm)
fakakta by Mardil June 2, 2009
<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.
fakakta by straightballah July 25, 2007
Based on the Yiddish word verkakte. It can mean dirty, shitty, full of crap, or screwed-up.
"There was a time when a black man was killed for whistleing at a white woman, OJ killed a white woman and gets to whistle all day. Now that's fakakte."

From The Daily Show
FAKAKTE by DualSin October 6, 2007