It's a phone brand. But I think that when the creators were naming the company, they wanted to call it THC ( Tetrahydrocannabinol) but they were too stoned, so failed at spelling
A: MAAAAAN!!!! I Love Mary Jaaanee!!! Let's call the phone company THC!!
...Too stoned to write it properly...
A: Damn, I wrote HTC! Whatever... Can't be fucked to change.
B: Yee, too much work
Enrike's version of saying "LOL". Copyrighted and everything.
Doesn't have to make much sense, but still used quite frequently.
A: Shiba shiba in the club!
B: Dude wtf? lolilolz