Person 1: Last night I was walking down the hall and the creek from the floorboards and the sound of the music, made it sound like a woman who was being stabbed with a hotdog.
Person 2: It was probably your par-
Person 1: IT WAS THE FLOORBOARDS AND THE MUSIC!!!
Whatever you want it to mean.
Usually a substitute for "Whatever" or "Fuck it"
Also used as a greeting in place of "hello" or "goodbye"
Sometimes used in place of "Cool"