What is considered Wack in 2013

What is considered "Wack" in 2013? Webster defines "Wack" or "Wacky" as ludicrous, foolish, or mentally irregular.  But everyone has there own level of what is "wack" towards them in music, producing, being an MC, being a hater, or being a listener.  So what are the standards to what defines hot music vs. wackness?  In relations to being a producer, what is considered being a wack producer? Is it wack for a major artist and independent artist to redo the same song?