A shortened version of the term special-education, meaning mentally challenged or autistic or just stupid.
Person 1: Hey bro I put some oil in my car, I'm good to go.
Person 2: That's olive oil you fucking sped!
Person 1: Wait what?
Someone who is 'hot' or high quality. They're a quality bloke and just good to talk too.
"Oi, you know bing?"
"Nosh, he's such a hot nut"
A person who is both a dick and a fuck, also implying that they engage in sexual intercourse with male individuals, sometimes multiple at once.
"Bro, I could beat up Brock Lesnar"
"Shut up you dickfuck."