A word to describe something that is unfortunate, bad, suckish, annoying, frustrating, etc.
Crap. I forgot to turn in my essay. Fanfrickentastic.
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An adjective describing something or someone that puts more emphasis in the word fantastic; expanding it, if you will.
You two look fanfrickentastic!
Used to accentuate the awesomeness of something. If something is beyond fantastic and needs more emphasis.
Can be used in sarcastic tone to mean the opposite.
Other versions: fan-fricken-tastic; fan-fuckin-tastic
Would you like to join me at the sold out concert? That would be fanfrickentastic!
Great, I lost my damn keys again, fanfrickentastic!