Hate to bust your little gangsta hearts (or whatever kind of hearts you have) but squeg is a pre-existing word.
–verb (used without object), squegged, squeg·ging.
(of an electronic circuit or component) to produce an output that oscillates between a certain maximum and zero, especially when due to the effect of a grid.
1940–45; blend of squeeze and peg
Note: “Squeg” is not to be confused with “squegg” which means to either be disinterested in gender or to try to freak someone out.
Squegging is what a volume meter does when a singer bumps into the microphone.
Waves squeg when someone drops a body in the ocean. Pencils get all squeggy when you do the old “rubber pencil” trick.
I squeg back and forth when I drink brandy and walk on ice.