It can also be used sarcastically, when something happens that involves no risk.
Let it be known that the word is straight out out of the streets of LA, where the acronym was created by skateboarders that role with the Brooklyn Projects crew.
*the word Dog often is said simply as "Dah" LA slang steez.
Woah, did you see that guy jump off that building, pretty fid' shit right there.
Sarcastic: Check out my tiny penis. It is pretty fidlar right?
They have also coined the term "Fuck the Clock" which is a way to give the lifestyle of the 9-5 robotic routine a middle finger.
They are part of a skate pop culture affliated with brooklyn projects.
"Wake Bake Skate!"