1.
A ~ story is presented in a way that is intended to cause great shock or anger. (INFORMAL)
The media is full of shock-horror headlines about under-age crime.
= sensational
ADJ: ADJ n
2.
You can say ~! in reaction to something that other people may find shocking or surprising, to indicate that you do not find it shocking or surprising at all. (HUMOROUS, INFORMAL)
I felt intellectually superior despite–~–my lack of qualifications.
EXCLAM feelings