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To show extreme excitement and/or happiness in a casual manner. Other words can be included within the word to display an increase in the amount of pleasure or happiness that the user and/or friends are about to come upon.
Guy 1: Yo, lets go to Red Lobster.

Guy 2: Dwell yeah...


Guy 1: Lets go rip this b.

Guy 2: Dwell 2 hell yea.


Guy 1: Hello?

Guy 2: Hey wat up.

Guy 1: Dwell yes..

Guy 2: What?!?

Guy 1: I just hit the f#ckin jackpot.

Guy 2: SWELL.
by ZFreg June 17, 2011