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1.
Used in the Aggie War Hymn sung by students and former students of Texas A&M University in College Station, Texas. It is used to describe how the school is going to beat all of its opponents. No one really knows the origin or meaning of the word. JV "Pinky" Wilson, Class of 1920, wrote the song while stationed in France. It is thought that this phrase and others such as "Hullabaloo Caneck Caneck" come from older yells used by the school during its early years. The second verse was written first. Wilson wrote the first verse in 1938 to add a verse that A&M could use for all opponents, but the students refused to sing it.
Hullabaloo, Caneck! Caneck!
Hullabaloo, Caneck! Caneck!

First Verse:
All hail to dear old Texas A&M
Rally around Maroon and White
Good luck to dear old Texas Aggies
They are the boys who show the real old fight
That good old Aggie spirit thrills us
And makes us yell and yell and yell
So let’s fight for dear old Texas A&M
We’re going to beat you all to
Chigaroogarem
Chigaroogarem
Rough Tough! Real Stuff! Texas A&M!

Second Verse:
Good-bye to texas university
So long to the orange and the white
Good luck to dear old Texas Aggies
They are the boys that show the real old fight
“The eyes of Texas are upon you . . .”
That is the song they sing so well
So good-bye to texas university
We’re going to beat you all to
Chigaroogarem
Chigaroogarem
Rough Tough! Real Stuff! Texas A&M!
by ErinElizabeth December 12, 2012
 
2.
I have absolutely no fucking clue what this means. It comes from the Texas A&M University fight song.

I can't help but laugh at the Aggies.... their entire fight song is devoted to beating UT in football, a feat they've failed to accomplish more often than not as the overall tally of the yearly showdown stands at 72-34 (and 5 ties) in favor of the University of Texas.

Oh well. Let them have their fun I suppose. We all know UT is better. :)

I'm still lost regarding the meaning of this Aggie hillbilly colloquialism... if anyone can enlighten me about the meaning or origin, please feel free. Thanks!

Oh. While you're at it... explain this line too:

"Hullabaloo, Caneck! Caneck!"

Once again, I'm speechless. Is that English? or Aggie-jibberish?
Excerpt of the Texas A&M school song:

"Good bye to texas university
So long to the orange and the white
Good luck to dear old Texas Aggies
They are the boys who show the real old fight
'the eyes of Texas are upon you'
That is the song they sing so well
Sounds Like Hell!
So good bye to texas university
We're gonna beat you all to
Chigaroogarem
Chigaroogarem
Rough, Tough, Real stuff, Texas A&M"
by GO LONGHORNS!!! December 16, 2004