Ufa is a big city in Russia with one and half million population and really developed industry - up to fifty per cent of all gasoline made in Russia comes from Ufa.
Hey, how come you've never heard of Ufa? That's the town where the bestclub of the Russian Hockey League is!
Also means in regional slang "You Faggot Ass" for short. Most commonly used by insecure people muttering under their breath to strangers they secretly findattractive.
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.