1. that sucks - alternatively, what a bite! for when something really sucks
2. can also be used ironically, especially in conjunction with the word "wow!" or with a space between exclamation points and the word "bite", best utilized in the ironic sense when people are being drama
1. surfer dude: ughh i wanted to get sooo pitted out there today but the barrels were weak!
other dude: aw man what a bite dude
2. annoying student: i totally could've done better on this test if i studied! i only got a 91%!!
other student who is normal: wow! what a bite !!