Schoodle is a phenomenon that occurs when you hook up with old friends from your school / college days on an online community / social networking site or in person and you reminisce about incidences shared in the past. Stories, hook-ups, break-ups, crushes, scandals, past hilarities and many such things pertaining to social interactions at the school / college are discussed by a group of people. The verb form of Schoodle is Schoodling.
"Man! I just met the gang from Trinity High and we ended up schoodling all night! I never got so much gossip when I was actually there!"
" I think you should get on to facebook real soon! Patrick started a thread and the entire class of '99 is on a schoodle spree there!"