its acutally just a word that you use to portray an emotion. it can mean pretty much anything, it all depends on the tone of voice you use with it. it is also commonly used to describe tarantulas.
Jim: I met a really cool girl at the mall today. She seemed really smart and nice, and we hit it off quite well I thought.
Phil: Nice, did you touch the bojangas?
Jim: I touched the bojangas.