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2 definitions by heard on TNBT on 93.9 WNYC-FM (7/27/03)

the greasy, dirty crud that builds up on the part of eyeglasses that touches one's nose or on the back of wristwatches
He wiped off the puel on the back of his watch with a towel.
--used as an alternative to 'bless you' or 'gesundheit' when someone sneezes
Someone sneezes, and you say "Shoobles!"