“Did you hear, last weekend Malcolm got pissed as a fart and ended up being thrown out of a gay bar!”
“I’m not surprised, not even the most dedicated haemorrhoid buster would want his smelly, raggedy arse.”
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).