Short for the phrase "straight from the source." The acronym can be used in reference to people, places, or things.
Its use removes all ambiguity surrounding where a piece of information or something came from, emphasizing that it is not second-hand information; instead, it is straight from the source.
Person 1: Yo where did you hear that they were not returning to the team for the new season??
Person 2: SFTS bro.