Slang for Don't worry about it. most often used in AIM, an instant messaging program used to keep friends in touch
Person 1: Man, i just failed my english test. My mom is gonna kill me!
Person 2: dude, dwab. its iight
The name for a small amount of liquid or other substance. Most often used when referring to saliva.
ewww look that girl has massive lump of dwab on her chin