Phrase used to express the zero fucks given about a current thing, person, event, idea, etc. that someone is describing. Can also be used to dismiss someone's statement that you find completely irrelevant and stupid.
Bob: This weekend I watchedWorld Cup at a local bar with a few college buddies.
Chris: That's cute.
1. A sarcastic phrase used when you are obviously annoyed at the comment and/or subject a person is talking about. Generally said in a sarcastic tone and in a way that even the biggest idiot will understand that in no way do you believe that the comment was actually cute.