This is a sound, usually used in disgust, agrivation or disbelief. It can mean a number of things, "such as screw you", "whatever", "fuck off", or "yeah right"
MARY; OMG! I just got tickets to the concert
BARBIE: OMG! when are we going?
MARY: Well I can only bring one other person, so I picked
Suzie BABIE: PSSHHHT, I didnt even wanna go to that concert anyway.
What you say so you won't look stupid in front of your crush, when you really did not know that.
Alisha asked what period they had next although this was the last period of the school day. She brushed it off with a, "Pssht, I knew that..." when her crush walked by.