A funky-worded comment of a person, place or thing that is deemed to be so amazing, its oozing in its own awesome nature.
Typically stated as a verbal remark out loud. Also coined often on Facebook, when commenting on friend's photos.
Michael: Hey, I just got 2 tickets to see Lily Allen. I bought one for you.
Zara: Really? Awesomesaucesome!! Thanks man!