It's a made up expression using only the letters A-F, often used when a recognisable hexadecimal number is required. Some systems use it for various purposes such as showing memory which has been freed and should not be referenced again. In a debugger this value showing up could be a sign that you have made an error. From Wikipedia:
0xDEADBEEF ("dead beef") is used by IBM RS/6000 systems, Mac OS on 32-bit PowerPC processors and the Commodore Amiga as a magic debug value. On Sun Microsystems' Solaris, it marks freed kernel memory. On OpenVMS running on Alpha processors, DEAD_BEEF can be seen by pressing CTRL-T.
The number 0xDEADBEEF is equal to the less recognisable decimal number 3735928559 (unsigned) or -559038737 (signed).