The word may be chanted by a crowd for a team or player who made an exceptional performance, and it may be used to demean the opposition when their own team put on a dominant performance, or when someone failed in an attempt to achieve their aim.
The term might be recited by a crowd for exceptional performances from either a team or individual players. It could also be used to criticize the opposition if their own team is performing exceptionally well, or when an attempt fails.