An amazing occurrence that leaves you with a lack of words to express the gravity of the moment. A close cousin to "swag", however it eclipses the elementary use of the word (swag) through association with hero/rebel archetypes.
Person 1 "I just won the account and I smashed that girl with the green eyes who models" Person 2 "Schwaza"
1: Synonymous with Schway
2; Exceptional, excellent, of high quality
1: Brandy Taylore is the most schwaza pron star ever