Yes.
I use it too much myself, and have to get out of it.
But I hate hearing people peppering their “normal” speech in public with it.
It’s 1 of the many things (along with charming things such as sagging huge pants) for which I feel like smacking the !$#$!$@# that are doing it in the malls and theaters. ;-)
It’s just an acronym for friendship, understanding, caring and kindness. No need to be offended.
;O)