I've stumbled upon this word in Andrey Bely's (Bugaev's) Символизм как миропонимание (СПб 1994). Even in the early 20th century the word was used negatively referring to 'широковещательность метафизики'.
It may also be applied as a radio term, yet its basic meaning, according to dictionaries, is negative and 'fictional' (книжный).
When and how did it become a negative term?