a person who is extremely smart and enthusiastic about a particular subject.
Bully: hey whats up nerd
Guywhoisextremelysmartandidkwhattodowiththisexample: hi
Someone who is smarter than you in anyway.
Jim: A nerd ( smarter than you ).
According to Kurt Vonnegut: Someone who farts in the bathtub and eats the bubbles.
Look at that idiot, I bet he’s a real nerd
To spoil the joke with "Umm actually". While the information you are providing may be true, other people might already know it and they would be mad at you if you ruin the fun.
Dave: Why are there homeless people? Just buy a house lol
John: Can I nerd?
Dave: Yeah you can
John: Actually they are too poor to buy a house