1. F**king ugly
2. Term of endearment for our own critters
3. 'Please someone, chop off that fugly ass stud's balls in the middle of the night, kthxbai' <- speaks for itself

I don't use it too much...personally I think my filly is absolutely stunning and may (We'll see.) turn out to be a quality mare, however I highly doubt that I would breed her unless I was certain that I was financially stable, able to care for her and the foal, and that I would keep said foal or give it to a relative/friend that desperately wanted it.

Its one of those lovely words with many uses.