It means "you can't do it" but it has the same effect as "fuck you". It's kind of the middle finger in Turkish. Nah is the word equivalent but nah has a lot less effect than the gesture itself
There are variations of this. One where you move your thumb between your fingers. There is also one where you pull your hand back, do a "shloop" noise with your arm, and then wiggle it. If they licked their arm before doing it, that's gross but it's also the strongest variation
I've also seen ones where they put three of their fingers in between the other hand's fingers. But that's mainly comedic
In most other languages it means good luck and stuff.
that's not just any nose. that's the nose. they stole Wikipedia's nose.