It depends on who I'm with, honestly. If I'm really close with someone, typically we both start doing it back and forth ("Yaaaaas," "Spill the tea," etc.). I think it's more sarcasm and for fun, but if I don't know you, then it's not going to happen. I just have to be close to you and if you'll reciprocate because I think it's fun (I have tons of straight friends that I do this with).
The word I can never say is "fabulous," I absolutely despise that word.