Originally from the comedy sketch show 'The Kids in the Hall', "subtastic" conveyed the idea that the speaker was about to say 'substandard', but quickly changed his mind to 'fantastic' after smelling the wonderful aroma conveyed by the subject of the conversation.
"I've called you into my office to talk about your poor performance at work. Frankly, your work has been sub... quickly changes his mind ...tastic!"
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."