The equivilant to a child saying "Poopy!" A censored profanity, if you will. Though it is not a synonym for any words, it can be used as an exclamation or adjective - usually meaning something bad or insulting.
"You are a poofy!" exclaimed Kim to Alex after Alex said something annoying.
"Poofy! What will we do now Matt?" asked Shannon when she couldn't find their school project.
A name that may be given to someone (usually male) who has incredibly pointy nipples and has many tendencies that suggest homosexuality such as reading Grazia magazine or straightening their hair.