It's basically a casual insult
If someone insults you and you want to get them back, but don't want to hurt their feelings too badly, just "flubberbucket" them ;)
A combination of: frustrated, upset, mad, angst, annoyed, and sad. A simpler way of expressing a complicated combination of emotions. Emotional overload.
After a long week of work, graduate classes, the breakup and a fight with her neighbor, she felt flubberbusted.