"(✧≖ ͟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.
- Amusement & Sarcasm:
"Oh great, another meeting. Just what I wanted. (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Joy & Admiration:
"She got accepted into her dream college! (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Anger & Resentment:
"I can't believe she said that about me. (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺"
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Examples: