Freakfuck is a term coined by Nick Fesette in 2006 which roughly means "freaking awesome and fucking awful; freaking awful and fucking awesome." Example: I woke up at 7 a.m. and spent all day making Wiki pages about a five-year-old inside joke. That shit's Freagfuck!
The word has been used to describe any number of things and is believed by many to be a way of life. Wagner and Vodka is the Burning Man of this lifestyle.
See also: