Based on the Yiddish word verkakte. It can meandirty, shitty, full of crap, or screwed-up.
"There was a time when a black man was killed for whistleing at a white woman, OJ killed a white woman and gets to whistle all day. Now that's fakakte."
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the USCoast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."