In conversation it is an expression which follows a particularly good but lighthearted insult in order to emphasize the caliber of the remark. It is similar to the way that a person would use the word burn. Though the phrase itself was first made popular by the Mazda auto commercials, this particular usage was popularized in the popular television show "Scrubs", where it is often accompanied by a short "Zoom, Zoom, Zoom" dance.

The combination of popcorn, soda, and melted chocolate which covers the floors of movie theaters.

Doing multiple slacker-esque things concurrently.

Term used by new age and/or granola types to describe an accidental meeting or spending time together without previously having made a plan.

When it's art, you call it a film. When it's mainstream garbage, it's called a movie.

A Chicago slang term meaning dollar bills. Derived from another slang term that refers to money as cheese. (Originates from slices of cheese produced by Kraft Foods)

Bastardization of "What's going on?"