Ufa is a big city in Russia with one and half million population and really developedindustry - up to fifty per cent of all gasoline made in Russia comes from Ufa.
Also means in regional slang "You Faggot Ass" for short. Most commonly used by insecure people muttering under their breath to strangers they secretly find attractive.
When someone is within an earshot you mutter "ufa" under your breath to let them know you think they're gay,when secretly you're projecting your own homo-erotic desires.