I've seen the term but never investigated until now. It looks pretty complicated:
1. Genesis
In the beginning, there was nothing but the energy of Chaos. Absu and Tiamat slept, and dreamed their darkest dreams. And all was good until their dark dreams began to spawn the cosmic gods. Tiamat and Absu were disgusted by these abominations. Their wailing disturbed Tiamat's and Absu's sleep. Absu and Tiamat agreed that these worthless abominations must be destroyed.
Enki, the self-proclaimed leader of the cosmic gods, formulated a most evil plan: he would kill Absu to protect himself. Enki proceeded to trick Absu, which resulted in the death of Absu. Upon hearing what happened to Absu, Tiamat was in a rage. She prepared for war against these useless gods. She created an army of ferocious demons to battle the worthless gods.
The anti-cosmic gods were spawned from the force of Chaos itself to assist in the battle. In the meantime, Enki made love to his wh*re, and his son Marduk was born. They named the birthplace of Marduk the Temple of Absu, an ultimate blasphemy to Absu himself. Marduk became the leader of the cosmic gods. Kingu, a top-ranking demon of Tiamat, was captured and imprisoned by Marduk and his forces. Marduk, being a power-hungry wh*re, decided to confront Tiamat. He sliced her in half, and from one half he created Heaven (his kingdom), and with the other half, he created the Earth. Marduk needed a creation to rule over to satisfy his thirst for power. He decided to create man. But in order top do that, he needed the blood of a god, and none of the cosmic gods were brave enough to sacrifice themselves. They debated about what to do, and finally decided on a plan: they would kill Kingu.
Marduk mixed Kingu's red blood with the red clay, and man was born. What Marduk did not realize was that because humans had the blood of Kingu, they would eventually turn against him. And the anti-cosmic gods had one more trick up their sleeve: Satan. Satan was spawned from Chaos to counter the creation of the Earth and man, and he soon became the leader of the anti-cosmic gods.
2. Life on Earth
Man began to evolve on Earth. Civilizations were spawned, and great inventions were made. Marduk took on a new identity: The Demiurge. He presented himself in many different ways to many different cultures. He was known as Marduk by the Sumerians, Ra by the Egyptians, Yahweh by the Israelites, Zeus by the Greeks, etc. His one demand was total compliance and worship. The Demiurge was pleased with his creation, and was pleased that they were following him like sheep.
As time went on, some began to drift away from worshipping the Demiurge. They began to question his existence. These people were labeled as "heretics" and were shunned and persecuted. Some even began to worship Satan, who was there to fight the Demiurge. Satan appeared before many people, and had many names: Typhon, Ahriman, Set, Loki, Samael, etc. The Demiurge made sure that Satan was vilified in every religion, in hope of making humanity fear what was considered to be "evil". The Demiurge had one goal: to keep his people blind and ignorant so that they will follow him.
Satan has one goal: to avenge the death of Kingu by destroying the Demiurge. Because humans had the blood of Kingu, they would slowly turn against the Demiurge. Satan was there to speed up the process. Satan would awaken their black flames, the very flames that the Demiurge tired to extinguish. The flames that would make men onto gods.
The black flame is the product of Kingu's blood. It is the "divine spark" that is in man. The Demiurge seeks to extinguish it, to keep men from becoming gods. Satan offers to rekindle the black flame, making man into god. Man is faced with a decision: side with Satan and become a god, or side with the Demiurge and be limited by the constraints of the cosmos. Those that side with the Demiurge in the end times will be destroyed along with the foolish Demiurge.
3. The Laws
The Demiurge made many foolish laws, while Satan only has one law, which is total lawlessness. A Satanist spits at the laws of the Demiurge and the laws of men. He is above such things.
While there are no strict laws a Satanist must follow, there are some guidelines that will lead to a better life on Earth. They are as follows:
1. Do unto others as they do unto you. If a man strikes you on the cheek, destroy him. If a person shows you love, show them love.
2. Mercy is for the weak masses. Show no mercy towards your enemies. May your hatred towards them burn as bright as a thousand suns.
3. Practice indulgence, but not compulsion. Abstinence leads to misery, but so does over-indulgence.
4. The strong must use terror to make themselves heard over the waling of the inferior majority.
5. Make war for the sake of war, for combat separates the sheep from the wolves.
6. Know thyself. Self knowledge is the key to perfection.
7. The weak masses are trapped by morality. The Satanist is beyond such constructs.
8. The Satanist should strive to create a fascist society in which the strong rule over the weak. Communism and Socialism must be fought, as they seek to have everyone wallow in mediocrity. Might is right.
9. The Satanist should be prepared to sacrifice his own life if necessary to hasten the return of the dark gods.
10. Weakness must never be tolerated. Annihilate the weak!
11. In order to have chaos, there first must be order.
12. Honor the anti-cosmic gods
13. If someone is bothering you, ask them to stop. If they persist, annihilate them.
14. Pursue undefiled wisdom, and flee from self-deceit. Be one that will receive the burning rays of gnosis.
4. The Gods
The cosmic gods are worthless abominations that must be destroyed. They disrupted the flow of Chaos and disturbed Tiamat and Absu. The Demiurge (Marduk) created humans to be his slaves. Humans are bound to the shackles of the cosmos for all eternity, damned to a life of servitude. The burning path of Satanism offers freedom for this miserable existence.
The anti-cosmic gods are as follows:
Satan
Molock
Beelzebub
Lucifuge Rofocale
Asmodeus
Astaroth
Belphegor
Adramelech
Baal
Lilith
Naamah
As you can clearly see, the anti-cosmic gods outnumber the cosmic gods. This puts "evil" at an advantage. Satan is the leader of the anti-cosmic gods, and was spawned from the raging chaos itself. The anti-cosmic gods unite to form Azerate, the eleven-headed dragon of Chaos, the one that burns holes in the universe itself so that Chaos may flood through. Azerate and the raging Chaos shall vanquish the useless cosmic gods, and the Ancient Ones (beings that predate time itself) shall rip the Earth in two.
5. The Ancient Ones
The Ancient Ones are primal beings from the first creation. They loathe the filthy cosmic gods. The Ancient Ones weald unrefined power in its' original and chaotic state, and they are the beginning and the end. They eternally desire to bring the outside into the inside and cause existential decompression, causing catastrophic results for materialization and form. In other words, bringing forth the original chaos. They will destroy the Demiurge's worthless creation, and spare those that have their black flame ignited. The Ancient Ones desire to unify with Tiamat, and will end this existence. A new dark aeon will be begin, as all returns to primordial nothingness. Chaos will reign supreme. All that dare oppose the Ancient Ones shall be destroyed. There is no stopping them or controlling them.
6. The Satanic Creed
To be a Satanist, one must swear themselves to the anti-cosmic gods, and to their brothers and sisters. The Satanic creed is as follows:
I acknowledge Satan as my king, father, and god. I will swear myself to the anti-cosmic gods.
I believe in the truth that is beyond all forms, and I believe the wisdom that shall destroy all lies.
I realize that there is a battle between Chaos and order, and I realize my part in the battle.
I believe in Chaos, the origin and end of all things, and declare Satan as the outer aspect of my inner might.
I look forward to the dissolution of the cosmic order and the beginning of a new dark aeon.
I believe in power without end, and will sacrifice all upon the bloodstained altar to the dark gods.
I praise the dark gods with my heart and soul, and I await the final battle and the victory that will come.
Hail Tiamat! Hail Satan! Hail Chaos!
7. The Satanic Statements
One violent action speaks louder than one thousand words. Do not say, do. Do what you must to get your point across.
Only the subhuman majority is limited by morality. Morality is a human construct, and is relative, not universal. Do what thou wilt.
Only the inferior submit to social norms and the status quo. Be bold, walk your own path. Satanism is about crossing boundaries and moral limitations.
Your enemies do not deserve mercy. Showing them forgiveness will only lead to them taking advantage of you, and eventually destroying you. Kill them before they kill you. Make yourself a terror to your adversary.
All of the so-called sins lead to true happiness. Do not be constrained by the human construct that is morality. All things human are flawed, and that includes morality.
Annihilate every lie you come across. The most dangerous lie is the sanctified lie: the lie that everyone believes to be the model truth. Do what you must to silence liars and the lies they preach.
There exists one lie that is the absolute worst. A lie that has successfully infiltrated many of the Western governments. This lie is Christianity, and it must be fought in every way, shape and form. Burn the churches and kill the priests. The abomination that is Christianity must be wiped from this Earth.
Love is for those that deserve it, and is not to be wasted on worthless ingrates. Loving your enemy only places you at their mercy.
If given a blow, retaliate a hundred-fold! Make the aggressor sorry that they ever bothered you.
There is no Heaven, and there is no Hell. Earth is the tormented that we are subjected to. If you can survive and Earth and rekindle your black flame, you shall become one with the anti-cosmic gods.
The light of Lucifer shall appear as darkness to the blind.
Your will is your law, and all transgressions must be responded to with sardonic wrath.
Do not kill for freedom while on Earth, but kill for tyranny and control.
8. Magick
Magick is the will to create change in the environment by manipulating the flow
of energy. There is no "white" or "black" magick. Magick is magick, and can be used to hurt or heal. The self-proclaimed "white magicians" are nothing more than self-righteous, hypocritical cretins. They claim that they only use magick for altruistic purposes. One practices magick for self-gain, not to help others and be "good". It is natural to want to do things for self-gain. Your natural desires should not be ignored.
Many claim that "black" magick is used for harm and for self-gain, while "white" magick is used for unselfish purposes. A true magician is not bound by any limits or morality. His will is his own law.
"White" magicians place themselves in a pentagram during ceremonies to protect themselves from "evil" forces, the very forces they are calling upon for help. To the Satanist, this is hypocritical. It is hypocritical to call on these forces for help, and then to protect yourself from the very powers you have invoked.
A Satanist does not join hands and dance around in a special happy circle. A Satanist does not light different colored candles for different wishes. A Satanist does not call out to the "father, son, and holy spirit", and a Satanist does not pick a "saint" for personal guidance. Such things are reserved for hypocritical, "fluff"-obsessed Neo-pagans. If you cannot divorce yourself from hypocrisy, you will never be a Satanist. Instead, you will be left to wallow in mediocrity. Magick is a tool of the sinister elite, and is not meant to be used by the masses. Magick is not "fluffy", "happy" garbage, it is a powerful tool that will give the magician the ability to achieve greatness.
9. Attera Totus Sanctus
Here me now, for I am the great accuser. I accuse Christianity of being a cancer, a curse, blight upon the human race. It is one of the few immortal abominations to exist! Christianity preaches weakness and self-deceit, both of which lead to death! I hereupon deny god and his Christ, and I blaspheme the vile, rotten holy spirit!
Jesus represents failure, weakness, and incompetence. Humanity took a frail, weak man on a stick and turned him into a god, a god that promised to "save" us, but failed. Has Jesus returned? No, he has not. And he never will. If, by some fluke of nature, the King of Jews does return, we shall crucify the bastard again! I curse and defile his disgusting name!
Pazuzu, strike the followers of Yahweh with disease! Hail Pazuzu! Leviathan, swallow them whole! Tohu Tehom Theli Than Leviathan Tanin'iver Taninsam! Azerate. Destroy the accursed cosmic gods for all eternity! Vedal-gal teikals somdus Azerate! Lucifer, pour thy redeeming wrath upon us! Purify us with your holy flames! Oh Infernal Lord, vanquish the lie of Christ once and for all! Lylusay Tateros Volt Sids Lucifer!
10. Pseudo-Satanism
There are many radically different forms of Satanism, most of which are false.
The two most well-known types of Satanism (LaVeyan and Setianism) are also the two most incorrect versions of Satanism.
LaVeyan Satanism is false for many reasons: it's a humanistic offshoot of Atheism, and is really just Ayn Rand and Nietzsche dressed up in spooky clothing. LaVey's rituals are simply done for theatrical effect, and do not actually work. The only thing that they may do is resolve conflicts in the magician's psyche. Nothing more.
LaVey made a few critical errors in his works. He uses Marduk as one of the infernal names, when Marduk is the name of the Demiurge himself! He uses the word "Shemhamforash" in his rituals, which is calling upon the name of god. LaVey was a hypocrite, as he said a Satanist should never call upon the name of god in a Satanic ritual.
In LaVey's "Invocation to Satan", he focuses on the forces of darkness rather than Satan himself. He also claims that Lucifer and Satan are separate beings, which is absolutely false.
Setianism is slightly more intelligent than LaVeyan Satanism, but it is not without several errors. Its' biggest error is that it is trying to make Satan into something harmless and easily accepted, in hopes of becoming a major religion. Satan is not harmless. Satan is the god of the dark light and raging Chaos! Satanism isn't for the masses, it's for the elite few that have the will to break through the shackles of the cosmos and receive gnosis. Well, at least Michael Aquino had a better idea of what he was talking about than LaVey.
There are a few men that got Satanism right, three of those men are Michael Ford (author of several books), Jon Nodtveidt (musician), and Frater Nemidal (grandmaster of the Misanthropic Luciferian Order, and author of the Liber Azerate).
11. The End Times
Everything that has a beginning has an end. All will return to it's primordial nothingness, and Chaos will surge. The Ancient Ones shall rend the Earth into pieces and mercilessly slaughter the followers of Yahweh.
The blind dragon Tanin'iver will be awakened and shall ascend through the gates until his eye opens in the Ajna sphere (also known as Abbadon). When he regains his sight through gnosis of the black light, he unites Lilith (below) with Satan (above), and concentrates the nightside forces and thus manifests Azerate. The cosmic gods will then be destroyed along with the universe, and a new dawn shall begin.