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1.
Originally appearing in a trailer for Paper Mario Sticker Star, NYARGLEBARGLE was used in the context of a magic spell, but the abstractness of the phrase makes it a useful substitute for any word that is a description.
Example 1
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P1)"Maybe I'm taking this too far."

P2)"It's the best made-up word ever. No you're not taking this too far."

vs

P1)"Maybe I'm taking this too far."

"It's the best made-up word ever. No you're not taking this too far."

Example 2
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"He's just jealous he doesn't have NYARGLEBARGLE."
by Painguy October 04, 2012