Similar to the word "squirrel." Used to describe almost anything. If used in the negative sense, it means to get screwed. You cannot get squarreled in a good way. Someone that you don't like can also be a squarrel. However, if you do like someone they can be a good squarrel.
You broke my glasses, you stupid squarrel.
Damn guys, I got squarreled at the casino last night.
My math test came back today and I got an F. I think the teacher squarreled me.