(1) A word to replace any other comment
(2) An insult to a item or event
(3) A reply to any any other comment
(1) Yeah and im like, mfolio
(2) That pen is so mfolio
(3) "Hwy wazzup?" "I dunno, mfolio"
Adam Lambert's song "Whataya Want From Me" played backwards says "Mfolio", so the Glamberts made a song called Mfolio complete with lyrics.
Go to Youtube and search "Adam Lambert - Whataya Want From Me/Mfolio"