In expletive form: to release, and or solidify frustration of children fitting the description of a squid.
why won't these kids listen?.....(sigh) Squids!
"yo, look at all these squids. Im about to get loose bro!"
(used as a way do describe potential partners)
*spots a drunken hot girl*
"Yo, im about to hop down on this squid. wish me luck"
(used as a name replacer for his target)
*approaches drunken hot girl*
"damn, squid you got a PHAT BOOTY"
(used as a way to get her attention)
*gets rejected by drunken hot girl*
"man...FORGET you! you aint nothin but a SQUID!!!"
(used as a deragatory term)
newsagent: that'll be a quid
Girl1: Please can you lend me some money, I really need it to pay back my mum.
Girl2: how much do you need?
Girl1: twenty squid.
"can you believe how squidy that person was being when i asked them for directions"