people who use abbrevs say it as a combination of hilarious and coolbeans
Person 1: Yo, I was falling down a flight of stairs and there was a guy at the bottom and I reached out hoping he would catch me but instead he stepped back and I grabbed his junk instead!
Person 2: OMG, that's hilarbeans!! LOL!
Person 1: ...
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. PenguinBooks,1992. p. 38)