A phrase used by the character Ted and his band on the populartelevision series "scrubs". This is a short hand version of "I'm rubber and you're glue" implying someone's insult bounces off of you, creating a "boing" sound and is thrown back through the air making a "fwip" sound. Boing fwip is often accompanied by hand movements implying said action.
"person 1: You're a jerkface
person 2: Boing fwip!
jerk face (formerly known as person 1): Oh snap"
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
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).