It is the perfect statement. The unifying voice of a cynical generation. This one simple sentence reaches out to your peers and brings you together in a gloriously underwhelming way. Most importantly, is ideal for finally striking up a conversation with that cute girl you've been checking out on facebook. But just so we're clear, "This sucks, huh?" is best used during:

-Lectures
-Bad parties
-Football game blow-outs
-Dining hall lunches

And should never be used during:

-Parties at her place
-Her grandma's funeral
-First dates
-Sex