1)Born of a typo, the word denotes when an event(s) is/are going so badly it/they can be construed as hilarious. In any case, all you can do is laugh, because if not, you'll certainly be crying.
2)Antonym or sarcastic misuse of the word "wonderful"
What do you mean the power surge deleted my paper?? Wonderfuk---that thing is due tomorrow at 9 AM!!!
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