Meaning:
“小” means “small,” “破” means “trashy,” and “站” means “site.” This term was originally coined by Chinese netizens, especially game, comic and animation fans, to refer to AcFun, a streaming site featuring their favorite contents. Because the servers were unstable, fans jokingly called the site by this name. Later, fans of Bilibili, a streaming site featuring similar content, also started to use “小破站” as the nickname of their favorite site. It’s interesting to note that Chinese netizens sometimes use a debasing nickname for the people or things they are actually fond of.
Example:
A: 周末你去哪儿玩儿了吗？
Zhōumò nǐ qù nǎér wánér le ma？
Did you go anywhere for fun this weekend?
B: 这么热的天，我哪儿也不想去。整个周末我都在小破站上看视频。
Zhème rè de tiān，wǒ nǎr yě bùxiǎng qù。Zhěng gè zhōumò wǒ dōu zài xiǎopòzhàn shàng kàn shìpín。
It was so hot and I didn’t feel like going anywhere. I checked out videos on Bilibili the whole weekend.