It is meant to offend your friend and your enemy, and is also an offensive word that makes you seem funny whereas in reality (to any outside party not involved in the fight and/or palling around) it's quite stupid and ridiculous.
The word bungalow is just an unusually used word to add an odd quirkiness to it, seeing as many people do not use the word bungalow.
The word chode in itself is and odd and gross word that can be offensive. Which is why the entire word is goofy, yet insulting at the same time.
Girl: Makes a facebook post saying, "oh so very tired,worn out,exhausted, etc."
Guy: Makes a comment saying, "Shut up"
Girl: Replies, "No one asked you, ya Bungalow Chode."
Bungalow boys are a couple of gay males in denial who run away to a bungalow, usually in a remote place away from relatives and friends, to commit gay acts on each other. The unsuspecting friends will not get an invite though as they are straight.
Chris: Oh James, shall we go to the bungalow this week!?
James: Yes! We can have gay sex again and nobody will ever suspect
Chris: I cant wait, we must rememberthe lube this time though!
James: We are the Bungalow boys!
Small Hamster-like creatures that develope in the rectum of those that are unfortunate enough to consume a flarbish puffernuggle gourd. These hellish creatures feed on dingleberries so if you be sure to scrape the dingleberries off after each bowel movement they will starve within a week,and your rid of them.