It's an expression usually used to damn something specially precise, but it's used too like a way to damn in general.
In some cases it's said to express a big surprise too.
"Que lo parió" literally means "what give birth it"
-¡Que lo parió! Ese hijo de puta se robó mi billetera.
Qué lo parió! That son of a bitch stoled my wallet.
-Perdà mi billetera...¡Qué lo parió!
I've lost my wallet...Qué lo parió!
_¡Qué lo parió! ¡Encontré mi billetera denuevo!
Que lo parió! I've found my wallet again!
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