fml is an easier, faster way of saying something when nothings going your way.
Brosk: I failed, fml.
Boy: FML my parents won't buy me a new car. My life sucks.
It: FML my parents took away the cell phone for two days that they pay for because I stole then crashed their car and am failing all my classes because I don't do crap. My life sucks.
2) Name/Song Title. "FML" is the name of a song by popular electronic music artist deadmau5. FML is track one off the album entitled "For Lack of a Better Name" released in 2009.