Originallyinspired by the movie Zoolander, this sarcastic phrase is used to respond to a story that lacks substance, or a story perceived to have no message.
The only way to redeem one's self after having been on the receiving end of this remark is to sarcastically reply "Thanks Olaf"
"... and it turns out that after I talked to her, she didn't actually know my friend."
A sarcastic way of acting like you give a shit of what the other person has to say. Usually this phrase best pertains to Facebook updates and mundane stories with pretty much no point or purpose.