Definition 1 of 2
In contemporary terms it refers to any outlandish shenanigans played out by anyone.
Definition 2 of 2
The word has spread to Hindi, Urdu and Marathi, but is of Persian origin and means "fun" or "play". Colloquially the word has come to represent commotion, or any activity or display with bustle and excitement,sometimes ironically in the sense of "a tempest in a teacup."