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1.
This word can be used in several ways.

1.) To desribe how much you enjoy spam ham.

2.) An sarcastic way of saying your pissed about your junk mail.

3.) Just another way to say "Cool" or "Awesome".
1.) Wow mom, this Macoroni and Chesee with spam is spamtastic!

2.) Matt opens his e-mail to find 4,294 new messages in his inbox. Sarcasticly he utters "Spamtastic".

3.) Kyle: I just found $100 under my bed!
Matt: Spamtastic!
door Dewit 20 mei 2009
 
2.
like fantastic only better
that spam is absospaminlutly spamtastic
door spamman 19 februari 2003
 
3.
Extraordinarily fantastic, something so beyond belief you have to tell everyone about it.

Origin: Spam ham, a canned meat product sold by the Hormel Foods Corporation.
I've just witnessed something truly spamtastic - a man ate his dog. Or, sex with my friend was spamtastic.
door Ali McCarley 8 augustus 2008
 
4.
not actually fantastic at alll-
like eating spam over ham
that test is gonna be spamtastic!
door laura 6 augustus 2004