the act of your partner/mate buying diablo sauce from taco bell and placing it on your fingers then making 10 circles on the rim of your bunghole while doing a satanic ritual
Guy 1: Karen gave me "The Ring of Fire" last night!
Guy 2: Did it burn?
Guy 1: Hell the fuck nah, psyche it burnt pretty bad.
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).