From military lexicon that combines the words "outstanding" and "fuck" together to mean just the opposite of the word "outstanding" Usually describes a person(s) or situation(s) that are totally and completely fucked up beyond all recgonition. Also used in texting shorthand.
Trooper 1: "Lt. BooBoo just got his whole squad captured during the exercise, but he escaped". Trooper 2: "(OTFS) Out the fuck standing"! Trooper 1: "What a joke, let's go smoke a bowl". Trooper 2: "Cool".
1. Select a player (real or fantasy) during a sports draft to spite or anger one or more of your opponents because they had intended to select him/her.
2. Select a player (real or fantasy) during a sport draft to put one or more of your opponents at a strategic disadvantage.
1. Billy hate drafted Chad OchoCinco because he knew Sam had wanted him since he is from Cincinnati. Billy already had plenty of players to fill that position but wanted to make sure Sam didn't get him.
2. Billy hate drafted Peyton Manning because he was the only good quarterback left and he knew Sam had been planning on drafting him.