Used to describe a person of short stature who generally acts like a dick. Usually a male in some sort of authoratative position. Named after the character from Shrek.
Man, things sure have gottenshitty around here since Farquaad got promoted to manager.
Lord Farquaad is the main antagonist in the movie Shrek. Can be used to as an insult to people. Meaning: An asshole; faggot; gay; stupid; non-Shrek believer; little bitch