A combination of the words depressing and hilarious, indicating that a situation is so depressing that all you can do is laugh at it. A mixture of extremeemotions.
"Man, I went home to see my parents in Hicksville this weekend and I saw Jackie from high school at the mall... It was really deprarious to see her wasting her life as a townie."
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.