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1.
Of poor quality, a contraction of "schwaggy" with "crappy."
Man, this schwappy iPod broke after six months!
by Bongloard April 23, 2008
 
2.
Another Word For Penis, Dick, Or Your Enormous Schwappy
Dude, did you see his Schwappy in class today? It was HUGE.
by Schod March 30, 2006