What is 'bae'?

On a more ridiculous note, a few days ago I asked my roommates what 'bae' means, because I keep seeing it on social media. One of them showed me this hilarious video to answer my question. Last night one of my friends asked me the very same question, to which I responded by also showing him the video.

Some things are too silly and absurd to understand, so you just have to make fun of it. And Flula does a great job at doing just that. So in case any of you have wondered what this whole 'bae' thing is all about, enjoy!