When a baby poops their nappy/diaper. Fudge = poop, huggies = nappy/diaper. Used in the Simpsons episode, 'Strong Arms of the Ma.
Bart: 'Ew! Mom, I think Maggie fudged her huggies!'
Marge: 'Bart, don't say it like that, you'll hurt her feelings. (sniffs) Geez, Louise! How did you turn cinnamon applesauce into that?!'
The measure of an emotional and over zealous consumer in an upwardly charging market, also known as a bull market. It's characterized by rising asset prices, increased investor confidence, and favorable growth in the markets, bro.
The frothability was evident as over-zealous consumers eagerly engaged in bidding wars, drivingproperty prices to unsustainable levels reminiscent of previous speculative bubbles.