Fofofu is slang for FOrm FOllows FUnction. It is mistaken for a rebellion against capitalism, but is really a formula used by people to live more efficient lives. It's a philosophy that prevents money from being spent on totally ego driven, useless things and spends it on purposeful things like food, shelter, furniture, etc.
A sales dude at the wheel shop had convinced me to spend 10g's on a set of bling 26" wheels and tires but my girlfriend whispered fofofu into my ear, and I saved the 10g's for a downpayment on a house.
Generally speaking, an old, wrinkly, long-lobed, snow white haired person that drives way too slow in the left lane, that's oblivious to all else around him or her.