Originally derived from the innuit word
"Shwebbhargoniousnessab" which bascally means "No". The word is commonly used today to define the cheesyness of a toasted sandwich or a flan.
Considered by the Inuit people of North Salt Lake City, and Ron Burgandy of the San Diego News Team to be a word that means "scrumciously delicious"...no actually it really just means "cool" or "niiice".
And Roy, you knew what you were getting into. Next time I see you dont get weird about this video.