Harnessing the potential of large language models (LLMs) like ChatGPT can help address social challenges through inclusive, ethical, and sustainable means. In this paper, we investigate the extent to which ChatGPT can annotate data for social computing tasks, aiming to reduce the complexity and cost of undertaking web research. To evaluate ChatGPT’s potential, we re-annotate seven datasets using ChatGPT, covering topics related to pressing social issues like COVID-19 misinformation, social bot deception, cyberbully, clickbait news, and the Russo-Ukrainian War. Our findings demonstrate that ChatGPT exhibits promise in handling these data annotation tasks, albeit with some challenges. Across the seven datasets, ChatGPT achieves an average annotation F1-score of 72.00%. Its performance excels in clickbait news annotation, correctly labeling 89.66% of the data. However, we also observe significant variations in performance across individual labels. We believe that this research opens new avenues for analysis and can reduce barriers to engaging in social computing research.