What does 'floccinaucinihilipilification', the 29-letter word used by Delhi court mean?

While dismissing AAP leader Somnath Bharti's wife Lipika Mitra's criminal defamation against Union Finance Minister Nirmala Sitharaman, a Delhi court used the 29-letter word 'floccinaucinihilipilification'. The word means valueless or worthless, and is pronounced as flok-si-naw-si-ny-hil-i-pil-i-fi-kay-shun. It has its origins in Latin and combines four words - flocci, nauci, nihili, and pili.