Slang-O-Matic: TrendCentral clues us in on the latest Gen Y "IT" Terms

From Trendcentral.com:

"It's that time again when we school you, our faithful readers, on some of the new slang Gen Y is using in their daily lives. (And you in turn say "WTF, I've never heard these. Does that mean I'm one of the olds?") To do this, we troll the blogosphere, scour the press, stalk our friends' Facebook status updates, poll our trend reporters and talk to people on the street. Live it, learn it:

Fauxt
v. the act of avoiding human interaction by pretending to use a mobile device.
"That elevator ride with the guy I smooched at the holiday party was so painful. I was fauxting throughout the whole 15 floor journey."

Alt
n. term used to describe a person who listens to 'alternative' music or to designate a 'hipster.' Though 'alternative' has been used as a music descriptor since the '90s, Hipster Runoff blogger Carles has reintroduced 'alt' as a humorous, and slightly derogatory, noun.
"Do you think that alt's pants could be any tighter? I think I can see his veins."

Slay
v. used to describe an action, event or experience in a positive light. A product of the melding of metal and hipster culture, 'slay' can be used interchangeably with 'rule'.

"Dude, did you see Liturgy the other night at Glasslands? They totally slayed."

OMLG (Oh My Lady Gaga)

interj. term being used by Chinese youth in place of "Oh My God" or "OMG" as an exclamation of surprise, excitement, or horror.
"OMLG, she got so fake tan over the weekend that her skin matches the carrots in my salad."

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