196 - One word: __________!

I never quite understood this emphatic technique, placing a single adjective after a certain place, person or thing, to stress how great a quality that place, person or something has.

"Last year's Christmas party, one word - Amazing!"
"Russell Peters, one word - Fuuuh-uuuh-neee!"
"The argument they had last night, one word - draaaamaaaa!"

How do you reduce the gravity of a given incident to a single adjective?

Have you ever heard someone say that, only to give you a different number of words instead?

"Oh, my God. That dissertation I did last night, one word - a headache!"
"There are only two things you need to pass these exams - hard work, and more hard work!"
"You know what those kindergarten kids reminded me of? One word - Lord... of... the... Flies..."

Even "awe-inspiring", and "cringe-worthy" are stretching it with the hyphen.

I also never understand how anything can be "epic", "legendary" or have "biblical" proportions. That's an insult to Odysseus, Jesus, Moses, Beowulf, the kingdom of Atlantis, and the Knights of the Round Table. I understand people are trying to be creative. I will admit it's a step up from having a "nice" day, "good" times, and "great" fun. 

But, uh, nothing in our reality is truly epic or legendary, unless you climbed Everest or can swallow your own nose or something. 

And when you begin with "One word...", you're effectively saying three words, are you not? Maybe people should disclaim it, like this:

"Three words - One word - Cringe-worthy!"

And then we can take it a step further:

"Five words - Three words - One word - Brilliant!"
"Seven words - Five words - Three words - One word - Crazy!"
"Nine words - Seven words - Five words - Three words - One word - A pain in the arse!"