Similar in meaning to "WFT?" or Mr. T's "What you talkin bout?" Used to express shock, disbelief, or a failure to comprehend and often used in internet settings such as message boards, chats, etc..
----
(Example of use in chat)
JJmg453: Dude, me and joseph got totally wasted last night and fobbed your cousin's schnob!
Uboat109: WFYS?
----
(Example of phrase used in conversation)
"Hey, I just bought a new car!"
"Dude, I thought you were broke!"
"Yeah, my girlfriend's dad just like, gave me a wad of cash out of the blue and told me to go buy myself a Nissan."
"What fuck you say!?"
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).