When I became aware of this word, well before it became an insult in the mouths of people like Trump and Tucker Carlson, it meant:

Realizing that mainstream American culture actively buries and lies about its worst oppressions of people in a fog of falsehood that stifles progress in favor of soothing the masses. Once you “wake up” from this collective dream, you can’t fall for it anymore: that America is a land of freedom, democracy equality and opportunity for all. It is in fact a deeply class-stratified society built on Indian and Black holocausts which has toppled democratically elected governments around the world, rules by military might, and habitually refuses to face its racism, sexism, and religious bias. It is a place where nationalism is called patriotism. Once you scrape the scales from your eyes you will see this everywhere. You will have woken up.