A derogitory term used for a womans vagina that smells somthing like a three cheese sauce. This occurance usually takes place when the females clitoral hygene escapes her, or then sometimes, some womens reproductive organs naturally smell cheesy. There are many alternatives to this phrase, mainly becuase a womans pussy can smell a thousand different ways. This is the one example in which the vile smell eminating from the mass is indeed... cheesy.
Some guy: "Damn, Sally!!! When I go downtown I dont be eatin' at them restaraunts that be serving Cheezy Taco specials! At least stick a tootsie pop in there for a few seconds or somthin'."