"(✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" is an emoticon that doesn't have a specific meaning or context. It's up to the user's interpretation.
"He likes the cheerleader" is not an emoticon, but rather a statement indicating someone's romantic interest in a cheerleader.
- Pride & Accomplishment:
"I finally finished writing my novel! (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Surprise & Shock:
"I can't believe you did that! (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Excitement & Amusement:
"I just won the lottery! (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺"
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Examples: