When you say something or post something on the internet that you regret, and a bunch of people see it and you're embarrassed, you save yourself by saying you got hacked and it wasn't you who posted it. Luckily, this does occasionally happen, so it's a believable story, and no one can hold you accountable for what you said.
James: Posts: Man I'm having a shitty day I hope my boss dies! *regrets the post the next day*
Boss: James, why did you shit talk me on facebook?
James: I got hacked! Chill out!