Used as an adjective to describe something or someone as being really cool and/or interesting.

(or)

Depending on the context and person's tone of voice, flossy nossy can also be used as an adjective to describe something trivial, not important, or uninteresting.
Be sure not to miss the play, it will be absolutely flossy nossy!

(or)

Goodness gracious Martha, we don't have time to go to that play, besides, I heard it is just completely flossy nossy.

by Sarah Sabine Williams October 12, 2008
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