It means you are about to do something, or more accurately you are doing something now that
will lead to you doing the thing that you are fixin' to do. Fixing = preparation
Others here have the pronunciation wrong, when spoken it sounds like one word: "fixina" which led to it's child word finna
In the South we like to
run our
words together, it's too hot to pronounce every letter.
Texan: "I'm fixing to go unload my pickup cuz it's full of
junk and I've gotta go
get cokes for the party."
Translation: I am in the process of preparing to go begin unloading the miscellaneous items from the back of my
truck because I must go purchase beverages for the party.