An urbanized and supposedly cool way of saying, "That's the way the cool crumbles." Mostly used by perverted pre-pubescent boys who think the quote is sexual.
dude: bro r u still dating Stacy?
dude 2: yeah bro, she's wack as fuck dude: yeah i mean that sucks but I'll still bang
dude 2: naw bro miss me with that gay shit dude: well now we're in quite the pickle