Description of something that has achieved a new and ultimate level of sucking, such that there is almost something fantastic about it. Also see: craptacular, pukeriffic
(adj.) A person, place, thing, or idea that is just so incredibly awesome that no other word can describe it. Derived from the words spiffy and fantastic, it has been steadily catching on with teenagers nowadays (as steady as a snail in a molasses swamp, unfortunately). Tends to be used more by females than males, interestingly enough.
This is a term mostly used by those involved with Wheel of Fortune. It means fantastic, but the "fan" is changed to "spin", referencing the wheel in the popular game show. Pat Sajak, the host, has said this phrase a few times, which is how it stuck with the audience.