Ponce

Used when something bad or sad has happened but you want to make light of it; referring to the unfortunate and ironic death of Ponce de Leon in the show Clone High. Often lamenting something with an ironic undertone.
Could be used as "Ponce" or "Ponce moment".

Person 1: This really bad thing happened and it's negatively effecting my mental health but I'm going to make jokes constantly to cope with it.
Person 2: Ponce moment.
Person 1: Very Ponce indeed